JetBlue is showing signs of life, up to $7.19 (1.41%)

JetBlue Airways is in the midst of a 6 day downtrend. Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $7.09, JetBlue Airways is up to $7.19, which makes for a move of 1.41%/10 cents today.

At the same time, United States Participation Rate (Feb) released yesterday at 13:30 UTC with a figure of 118.3, while the previous figure was 62.4.

Technical analysis trend indicators suggest 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. Asset volatility analysis shows that JetBlue's lower Bollinger Band® is at $7.26, indicating that the market is oversold and fertile for new buyers.

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

This rally in JetBlue's share price coincides with other industrials stocks as Boeing is up 1.71%. United Parcel Service is trading at $184.18 after ending yesterday's session at $182.23 (up 1.07%).

Also worthy of note, United States Retail Sales expected to decline to -0.3% while its preceding data was 3%, data will be available tomorrow at 12:30 UTC. United States Core Retail Sales projected to come out at -0.1% — worse than previous data of 2.3%; data will be released tomorrow at 12:30 UTC. United States Producer Price Index projected to decline to 0.3% while previous data was 0.7%; data will be released tomorrow at 12:30 UTC.

Trending downwards for around a month. The major low cost US airline has fallen back around 52.83% from the significant high of $15.03 set 11 months ago.