JetBlue Airways ( NASDAQ:JBLU ) has revised its annual revenue forecast downwards, in light of its lackluster first-quarter revenue results. The company has attributed its disappointing revenue performance to an overabundance of capacity in the Latin American market, which has resulted in a more than 16% decline in its premarket stock value.
JetBlue ( NASDAQ:JBLU...
The chart pretty much speaks for itself.
We are seemingly in an accumulation phase, with volumes lowering and the price trading in a small range from which last time we shot upwards to 9.50, also confirmed as a resistance by the fibonacci retracement.
JBLU has an extended bullish movement.
Right now we are on a R zone that if brakes up, it will continue to 9.50
Daily charts are confident. We will see futures movements for this stock
Renowned activist investor Carl Icahn has shaken up the airline industry with his recent acquisition of a substantial stake in JetBlue Airways ( NASDAQ:JBLU ). The ripple effect of this acquisition has sent shockwaves through the market, propelling JetBlue's stock ( NASDAQ:JBLU ) price to new heights and igniting a flurry of speculation and analysis.
With a...
Welcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:JBLU ...
I believe this code is at a point of potential volatility.
If price can hold above $5.74 ... Bullish potential may be unlocked.
My key upside targets include:
- $6.83 (Conservative)
- $7.99 (Medium)
- $9.48 (Aggressive)
...
JetBlue's $3.8 billion buyout of Spirit Airlines was blocked by a judge, citing a threat to competition!
After the news, SAVE went down, while JBLU surged from $4.54 to $5.45! However, today it continued the 6 month downtrend and closed at $4.68.
This might seem like business as usual on Wall Street, except for the presence of some aggressive blocks of calls...
JBLU has formed a double bottom pattern on the weekly chart. This pattern is formed when price falls to a support level twice, but is unable to break through. The second bottom is typically higher than the first, indicating that buyers are becoming more aggressive.
A close below 3.40 on a weekly basis would be a stop-out for this pattern, as it would indicate...
JBLU has gotten way ahead of itself and is now finding resistance.
Airlines need at least another year to recover with much more debt
that will put pressure on earnings. Putting people back in airline seats
is one thing getting them to pay up for that seat is another.
Short-term: the upside prevails as long as 8.15 is its support. and I am wishing for a big pullback to the $7.5 zone.
Long-term: I'm trading it to $15.
TipRanks: Based on the 4 sell-sidetooltipClick this button to read the definition of sell-side analysts who offered a 12-month price target in the last three months.
Confident in its ability to complete its Spirit Airlines (NYSE: SAVE) acquisition, JetBlue Airways Corporation (NASDAQ: JBLU) kicked off the 2023 fiscal year with strong Q1 earnings. JBLU is now preparing for the second half of the year, which has historically been its strongest. Furthermore, JBLU provided positive EPS guidance for the full year which means JBLU...
