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Jetblue Airways: 52-Week High Recently Eclipsed (JBLU)

By James Quinn

Shares of Jetblue Airways (NASDAQ:JBLU) traded at a new 52-week high today of $23.92. Approximately 1.6 million shares have changed hands today, as compared to an average 30-day volume of 6.7 million shares.

Jetblue Airways (NASDAQ:JBLU) has potential upside of 8.5% based on a current price of $23.81 and analysts' consensus price target of $25.83. Jetblue Airways shares have support at the 200-day moving average (MA) of $22.93 and additional support at the 50-day MA of $20.58.

Jetblue Airways share prices have moved between a 52-week high of $23.92 and a 52-week low of $14.76 and are now trading 61% above that low price at $23.81 per share. The 200-day and 50-day moving averages have moved 0.29% lower and 1.08% lower over the past week, respectively.

JetBlue Airways Corporation provides non-stop passenger flight service through its Airbus A320 aircraft. The Company's airline is based in New York's John F. Kennedy Airport and currently flies to various destinations in the United States.

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 10.0%. We continue to monitor JBLU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows JetBlue Airways

Ticker(s): JBLU