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

By David Diaz

JetBlue Airways (NASDAQ:JBLU) shares have crossed bearishly below their 10-day moving average of $18.03 on a volume of 2.9 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.

In the past 52 weeks, shares of JetBlue Airways have traded between a low of $14.76 and a high of $27.36 and are now at $17.45, which is 18% above that low price. 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 subscribers consider buying shares of JetBlue Airways on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.97. Since that recommendation, shares of JetBlue Airways have risen 7.3%. 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

Ticker(s): JBLU