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Jetblue Airways Set to Possibly Pullback After Yesterday's Rally of 1.04%

By David Diaz

Jetblue Airways (NASDAQ:JBLU) traded in a range yesterday that spanned from a low of $22.19 to a high of $22.69. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $22.21 on volume of 2.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Jetblue Airways share prices have been bracketed by a low of $14.76 and a high of $24.13 and are now at $22.30, 51% 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 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: rebounders JetBlue Airways

Ticker(s): JBLU