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Possible Bullish Inside Day Candle Pattern Detected for Jetblue Airways (NASDAQ:JBLU)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Jetblue Airways (NASDAQ:JBLU) based on the price action in the company's shares. Yesterday's price range of $17.99 and $18.19 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Jetblue Airways may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Jetblue Airways (NASDAQ:JBLU) has potential upside of 30.9% based on a current price of $18.01 and analysts' consensus price target of $23.58. Jetblue Airways shares should encounter resistance at the 50-day moving average (MA) of $18.97 and support at its 200-day MA of $17.80.

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.

Over the past year, Jetblue Airways has traded in a range of $15.19 to $20.14 and closed yesterday at $18.01, 19% above that low. The 200-day and 50-day moving averages have moved 0.13% higher and 0.02% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Jetblue Airways and will alert subscribers who have JBLU in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle JetBlue Airways

Ticker(s): JBLU