Bearish Moving Average Cross by JetBlue Airways (JBLU)
Today, shares of JetBlue Airways (NASDAQ:JBLU) have fallen below their 10-day MA of $18.15 on a volume of 7.4 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 $17.98, 22% above that low. Over the past week, 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 September 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.64. Since that recommendation, shares of JetBlue Airways have risen 6.3%. 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