JetBlue currently down 1.62% halfway through today

Tough session sees the major low cost US airline shedding 1.62% in early trade

JetBlue Airways Corporation fell below the $7 support zone and moved 2 cents beyond it; the next level of support with significant buyer interest is estimated at $6.9. JetBlue Airways made an initial break below its 50 day Simple Moving Average at $6.97, a possible indication of a forthcoming negative trend. JetBlue Airways's upper Bollinger Band® is at $7.26 which indicates a further downward move may follow.

Looking forward, JetBlue Airways is poised to extend its strong downtrend and continue declining.

JetBlue's stock value drop coincides with Deere & Company is down 1.39% from the beginning of the session and now trades around $358.49. After closing the previous session (Friday) at $214.78, Caterpillar lost $1.36 and is trading around $213.42.

Positive performances can be seen by looking at other industrials stocks as Boeing is trading at $206.32 after ending Friday's session at $205.49 (up 0.4%).

Furthermore, United States New Home Sales (Apr) is scheduled for tomorrow at 14:00 UTC. United States Services PMI is expected tomorrow at 13:45 UTC. United States Building Permits scheduled to come out tomorrow at 12:00 UTC.

The stock has been trending positively for about 2 months. The major low cost US airline is now trading 13.64% below its 3-month high of $10.84.