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SmarTrend Watching for Potential Rebound in Shares of Jetblue Airways After 3.10% Loss

By Amy Schwartz

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.

Over the past year, Jetblue Airways has traded in a range of $15.76 to $23.07 and is now at $18.26, 16% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.

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.

Keywords: rebounders JetBlue Airways

Ticker(s): JBLU