Is Flybe Revving Up for Take Off?

Flybe (FLYB), Closed at 61.0p Today (29th July 2013)

Flybe has been typical of many Post-IPO fallers, as described in “Picking Winning Shares” (Page 45, sect. 6.7). However, as the graph below shows, it now seems to be holding above both the 50 & 200 day moving averages, as well as having broken out from the downtrend

What do you think about the prospects for Flybe over the next few months?