JetBlue adds 2.73% to close at $7.14; extends its four-day winning streak

Yesterday at a glance: the major low cost US airline went up to $7.14, gaining 2.73%.

Meanwhile, United States Core PCE Price Index (MoM) (Mar) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 236,400. United States CFTC Gold speculative net positions came out at 185,300.

JetBlue Airways Corporation could be slowing down soon as it approaches resistance at $7.24. Of course, crossing it might suggest further gains are ahead. JetBlue's upper Bollinger Band® is at $7.22, this is a slight indication of a slowdown.

After posting consistent gains as part of its uptrend and being lifted by intraday sentiment, technical factors suggest JetBlue is set for a reversal in the coming days.

This rally in JetBlue's share price coincided with other industrials stocks as Caterpillar added 2.09% to its value, and traded at $218.8. United Parcel Service traded at $179.81 after closing yesterday's trading day at $177.76 (up 1.15%). Deere & Company was up 1.66%.

The stock has been trending positively for about a month. Having set a significant high of $11.46 11 months ago, America's 7th largest airline is trading 39.35% lower.