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Bullish Moving Average Cross by Jetblue Airways (JBLU)

By David Diaz

Today, shares of Jetblue Airways (NASDAQ:JBLU) have crossed bullishly above their 10-day moving average of $9.02 on a volume of 3.9 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Jetblue Airways have traded between a low of $6.61 and a high of $21.65 and are now at $9.34, which is 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 6.9% while the 200-day MA has slid 1.5%.

SmarTrend is monitoring the recent change of momentum in Jetblue Airways. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Jetblue Airways in search of a potential trend change.

Keywords: moving crosses JetBlue Airways

Ticker(s): JBLU