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After Yesterday's Rally of 1.15% Shares Could Potentially Pullback

By Shiri Gupta

Jetblue Airways (NASDAQ:JBLU) traded in a range yesterday that spanned from a low of $22.56 to a high of $22.93. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $22.88 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 6.9%. We continue to monitor JBLU for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Jetblue Airways have traded between a low of $14.76 and a high of $23.37 and are now at $22.85, which is 55% 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%.

Keywords: rebounders JetBlue Airways

Ticker(s): JBLU