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April 21, 2023
Today at a glance: JetBlue Airways rallied 2.06% and ended the session at $6.92.
JetBlue Airways is currently trading at $6.92 following the release of Services PMI data from the United States.
Meanwhile, United States Services PMI released today at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6. United States Existing Home Sales (Mar) came out at 4.44 million, while a consensus of analysts was expecting 4.5 million. United States Philadelphia Fed Manufacturing Index (Apr) came out at -31.3, while a consensus of analysts was expecting -19.2.
JetBlue Airways Corporation made an initial breakout above its 21 day Simple Moving Average at $6.94, a potential indicator of a newly emerging bullish phase. JetBlue's lower Bollinger Band® is at $6.66, indicating that the market is oversold and fertile for new buyers. In contrast, JetBlue Airways broke through the $6.92 resistance and climbed 15 cents above it.
Overall, looking at the technical analysis landscape, it seems JetBlue Airways might continue pointing upwards in the short term.
While JetBlue Airways was bullish today, the following industrials stocks underperformed: Lockheed Martin closed at $482.55 (down 1.64%). Union Pacific went down 1.85%, closed at $202.6. Boeing went down to $205.15, losing 1% after it closed at $207.23 today.
America's 7th largest airline has shed 21% over the past three months.
