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Jetblue Airways Crosses Above its 10-day MA (JBLU)

By Nick Russo

Today, shares of Jetblue Airways (NASDAQ:JBLU) have advanced above their 10-day MA of $19.02 on a volume of 1.7 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Jetblue Airways has traded in a range of $14.76 to $24.13 and is now at $19.12, 30% above that low. The 200-day and 50-day moving averages have moved 0.26% lower and 1.31% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Jetblue Airways on March 26th, 2018 by issuing a Downtrend alert when the shares were trading at $20.72. Since that call, shares of Jetblue Airways have fallen 9.4%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses JetBlue Airways

Ticker(s): JBLU