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Bearish Moving Average Cross by JetBlue Airways (JBLU)

By Amy Schwartz

JetBlue Airways (NASDAQ:JBLU) shares have crossed bearishly below their 10-day moving average of $22.67 on a volume of 1.5 million shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, JetBlue Airways has traded in a range of $14.76 to $27.36 and is now at $22.36, 51% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 1.1%.

SmarTrend recommended that subscribers consider buying shares of JetBlue Airways on April 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $21.18. Since that recommendation, shares of JetBlue Airways have risen 7.5%. We continue to monitor JBLU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses JetBlue Airways

Ticker(s): JBLU