JetBlue closed at $7.53 (down 1.83%) and added one more to its 4th straight day of losses

Today at a glance: America's 7th largest airline dropped 1.83% early on and traded close to the $7.53 level.

Highly important Unemployment Rate data from United States beat analyst expectations of 3.4 with a reading of 3.6. United States Initial Jobless Claims fell short of the 195,000 projections, with new data of 211,000.

This down-slide takes place while positive United States macroeconomics indicators data was published earlier – highly important Non Farm Payrolls data from United States beat analyst expectations of 205,000 with a reading of 311,000.

A study of JetBlue Airways's chart reveals various key levels to watch: JetBlue Airways Corporation reversed direction at $7.51 support zone and climbed 2 cents above it. With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Price action remains constrained around the key Fibonacci level of $7.42 currently serving as support. If price action breaks below, the next Fib hurdle is $7.13. Asset volatility analysis shows that Bollinger Bands® shows an indication of recovery: the lower band is at $7.69, a low enough level to, generally, suggest that JetBlue is trading below its fair value.

All in all, the technical analysis suggests JetBlue Airways has no clear-cut direction.

JetBlue Airways was not the only decliner in the industrials sector; Caterpillar lost 5.81% today and closed at $226.97. Deere & Company went down 6.06%, closed at $421.42. Union Pacific went down 1.74%, closed at $199.57.

Trending downwards for around a month. America's 7th largest airline reached a significant high of $15.03 around 11 months ago but has lost 48.97% since then.