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. 

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net.