Change of direction? JetBlue Airways Corporation, General Electric, Lockheed Martin, among others, are approaching price targets.
Here's the most recent update: The leading indices are falling — Nasdaq trades at 10,400 after losing 1.03%. S&P 500 drawing back 0.48% to 3,741.72.
What is a Price Target?
A price target is the projection of an asset's future price. The concepts of trading levels support and resistance are undoubtedly two of the most highly discussed attributes of technical analysis. These price rates, or targets, are used by traders to refer to price levels on charts that tend to act as barriers, preventing the price of an asset from getting pushed in a certain direction. Assets that are on a trend and are nearing one of their lines are selected for this article. Check out this rundown of industrials stocks and their price targets.
JetBlue Airways bounces 25 cents from key support at $7.48
JetBlue Airways Corporation's run now faces a challenge at $7.48, which is only 25 cents away and will be interesting to follow.
JetBlue is on a 3 day downtrend today is looking a bit better: after ending yesterday at $7.73, JetBlue recovers back to $7.74 after dipping down to $7.45 earlier today.
Buyers pushing GE towards its price target of $78.93; currently at $78.26
GE's run now faces a challenge at $78.93, which is only 67 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
GE continues a 17 day uptrend, gaining a total of 22.28%. as the session continues, it seems to maintain one direction — GE trades at $78.26 today, after closing yesterday at $77.4 and gaining 86 cents (1.11%).
Buyers pushing GE towards its price target of $78.93; currently at $78.26
GE's run now faces a challenge at $78.93, which is only 67 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
GE continues a 17 day uptrend, gaining a total of 22.28%. as the session continues, it seems to maintain one direction — GE trades at $78.26 today, after closing yesterday at $77.4 and gaining 86 cents (1.11%).