Republic Airway Holdings Inc. (RJET) Scales Past 20 Day MA And 50 Day MA In Same Session
By Mark Moneymaster
February 26, 2010 2:29 PM
February 26, 2010 2:29 PM
Symbols: RJET
Republic Airway Holdings Inc. (NASDAQ: RJET), the new parent of Denver's Frontiter Airlines announced its aggressive plans to buy 80 new Bombardier jets. Republic Airway Holdings Inc. (RJET) said it intends to buy 40 Bombardier CS300 regional jets with a value of $3.06 billion to replace planes in its existing fleet and has options to buy up to 40 more such aircrafts.
Republic Airway Holdings Inc. (RJET), a small-cap stock, had already soared 15.1% to $6.18 by early afternoon trading on Friday. Republic Airway Holdings Inc. (RJET) also scaled past its 20 day MA and 50 day MA in the single session with very high volumes, confirming further strength on charts.
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