JetBlue Airways Corporation (NASDAQ: JBLU) – Since April, this stock has been consolidating within a rectangle with support at $5.40 and resistance at $6.80.
On Oct. 27, at $27, the Trade of the Day said, “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.”
With the recent market sell-off we issued a buy under price of $6.80. Our trading target is still $8.30.
If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.
