Despite holding the higher number of complaints of the airlines industry in America, shares of the low fares leader are more likely to hit higher places in the coming sessions.

Sales of the carrier are expected near $2 billion by the end of the current financial year, for an increase of almost 17% against last year reports. Moreover, better operating margins should be made for pushing the EBITDA close to $600 million and thus lead earnings to increase by 18% during 2014. Although the company cannot dodge darts concerning poor services offered, it continues to shine with solid financial statements. Furthermore, EPS of the low-cost airline have been revised upwards during the last twelve months for this period; hence, analysts now expect $2.9 per share versus $2.35 by April 2013.

Technical patterns show an equity that in spite of sudden shake-ups during the last two weeks could now upturn and illustrate a marked bullish trend. Currently testing the USD 56.6 support area, the security should now twist toward the USD 63 resistance line. This tendency shift should be helped by 50 and 100-weeks moving averages.

For reasons above exposed, the timing seems suitable for investors interested in opening a long position on Spirit at current prices. The bullish trend should allow the security to reach the USD 63 resistance which represents our main target. Investors could set a stop-loss order at USD 53.8 in order to limit the possibility of a several loss if the stock drop toward the USD 52 midterm support.