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March 06, 2023
After closing the previous trading day at $8.32, JetBlue is up to $8.41, which makes for a move of 1.08%/9 cents today.
Meanwhile, data for United States Factory Orders released today at 15:00 UTC is better than expected with -1.6%, but worse than previous figure of 1.7%.
JetBlue Airways Corporation's lower Bollinger Band® is at $8.03, indicating that the market is oversold and fertile for new buyers.
Overall, looking at the technical analysis landscape, it seems JetBlue Airways might continue pointing upwards in the short term.
This rally in JetBlue's share price coincides with other industrials stocks as Honeywell International is trading at $198.49 after ending Friday's session at $196.82 (up 0.85%). Raytheon Technologies is trading at $99.7 after ending Friday's session at $99 (up 0.69%).
While JetBlue Airways is higher so far today, these industrials stocks are struggling: after closing the previous session (Friday) at $215.11, Boeing lost $3.84 and is trading around $211.28.
Furthermore, the market is looking at United States Fed Chair Powell testimony is scheduled tomorrow at 15:00 UTC. United States EIA Short-Term Energy Outlook scheduled to come out tomorrow at 17:00 UTC.
Trending downwards for around a month. After hitting an important low of $6.19 approximately 2 months ago, America's 7th largest airline has bounced back 34.41% since.
