Trade of the Day – JetBlue Airways Corporation (JBLU)
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Jeff. Gongye
Oct 27, 2010, 8:17:17 PM10/27/10
to Live Longer Better
JetBlue Airways Corporation (NASDAQ: JBLU) — This airline provides
passenger air transportation services in the United States operating
600 daily flights to 60 destinations in 20 states and Puerto Rico and
11 other countries.
Since April JBLU has been consolidating within a rectangle with
support at $5.40 and resistance at $6.80. Last week the stock broke
from the rectangle on high volume. The stochastic indicator flashed a
buy signal that was preceded by six weeks of unusually heavy buying.
The target for JBLU is $8.30.
passenger air transportation services in the United States operating
600 daily flights to 60 destinations in 20 states and Puerto Rico and
11 other countries.
Since April JBLU has been consolidating within a rectangle with
support at $5.40 and resistance at $6.80. Last week the stock broke
from the rectangle on high volume. The stochastic indicator flashed a
buy signal that was preceded by six weeks of unusually heavy buying.
The target for JBLU is $8.30.
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