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Watch for Jetblue Airways to Potentially Pullback After Gaining 3.26% Yesterday

By Nick Russo

Jetblue Airways (NASDAQ:JBLU) traded in a range yesterday that spanned from a low of $18.97 to a high of $19.68. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $19.15 on volume of 3.5 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 $19.64, 33% above that low price. 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 March 26th, 2018 by issuing a Downtrend alert when the shares were trading at $20.72. Since that call, shares of Jetblue Airways have fallen 8.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders JetBlue Airways

Ticker(s): JBLU