| 
May 07, 2023
America's 7th largest airline traded at $7 Friday, after making its biggest single-day jump of 22 cents (3.24%) since Feb 13.
Technical chart analysis shows JetBlue Airways Corporation could be slowing down soon; it is getting close to the resistance line and is now at $7.12, only 10 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. With regards to technical trend indicators, chart analysis show that JetBlue Airways made an initial breakout above its 21 day Simple Moving Average at $6.94, a potential indicator of a newly emerging bullish phase. Price action overcame a known Fibonacci resistance level at $6.92 by around 10 cents with prices hammering out a $6.86 – $7.09 session range. According to asset volatility analysis, JetBlue Airways's upper Bollinger Band® is at $7.2, this is a slight indication of a slowdown.
All in all, the technical analysis suggests JetBlue has no clear-cut direction.
A look at other industrials stocks also showed bullish price action as Union Pacific gained 2.12%, as it traded at $201.23. Caterpillar was up 2.24%. United Parcel Service traded at $175.74 after closing Friday's trading day at $173.29 (up 1.41%).
The stock has been trending positively for about a month. America's 7th largest airline has shed 19.14% over the past three months.
