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

By Shiri Gupta

JetBlue Airways (NASDAQ:JBLU) shares have crossed bullishly above their 10-day moving average of $16.04 on a volume of 1.6 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

JetBlue Airways share prices have moved between a 52-week high of $27.36 and a 52-week low of $14.76 and are now trading 10% above that low price at $16.17 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of JetBlue Airways on March 8th, 2016 by issuing a Downtrend alert when the shares were trading at $20.16. Since that call, shares of JetBlue Airways have fallen 22.0%. 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