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Jetblue Airways Set to Possibly Rebound After Yesterday's Selloff of 3.10%

By Shiri Gupta

Jetblue Airways (NASDAQ:JBLU) traded in a range yesterday that spanned from a low of $18.26 to a high of $18.54. Yesterday, the shares fell 3.1%, which took the trading range below the 3-day low of $18.35 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Jetblue Airways on November 5th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $17.70. Since that recommendation, shares of Jetblue Airways have risen 6.5%. 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 $15.76 and a high of $23.07 and are now at $18.26, which is 16% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has remained constant.

Keywords: rebounders JetBlue Airways

Ticker(s): JBLU