The sector is in trouble right now and SAVE has no real support line from which to rebound. It death crossed all the way back in May and has seen the 50 and 200 day lines diverge almost every session since then. Spirit has only seen this price point in five weeks since 2014. Its RS line is by far the lowest it's been in those five years. From a technical standpoint there's no way of telling where the bottom is. DD investors don't see any value in it either. There aren't any fundamental strengths from the last quarter to bolster it and the C suite has been warning of a bad Q3 earnings report since the Q2 call. At this point it's free fall until news or earnings break it loose.

I currently own a couple of long interests as a wildcard.