After Yesterday's Rally of 2.09% Shares Could Potentially Pullback
JetBlue Airways (NASDAQ:JBLU) traded in a range yesterday that spanned from a low of $16.45 to a high of $16.98. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $16.31 on volume of 5.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
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 13% above that low price at $16.63 per share. The 200-day and 50-day moving averages have moved 0.29% lower and 1.08% lower over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of JetBlue Airways on August 16th, 2016 by issuing a Downtrend alert when the shares were trading at $16.90. Since that call, shares of JetBlue Airways have fallen 3.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders JetBlue Airways