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Bearish Moving Average Cross by Jetblue Airways (JBLU)

By Shiri Gupta

Jetblue Airways (NASDAQ:JBLU) shares have crossed bearishly below their 10-day moving average of $22.16 on a volume of 989K 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.

Jetblue Airways share prices have moved between a 52-week high of $24.13 and a 52-week low of $14.76 and are now trading 48% above that low price at $21.85 per share. 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 is tracking the current trend status for Jetblue Airways and will alert subscribers who have JBLU in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses JetBlue Airways

Ticker(s): JBLU