A quick look at yesterday: a tough session dominated by bearish sentiment left JetBlue Airways 33 cents lower, while setting a $7.9 to $8.12 session range.
United States Building Permits (Oct) is next today at 13:30 UTC.
United States Crude Oil Inventories fell short of the -440,000 projections, with new data of -5.4 million.
This down-slide takes place while positive United States macroeconomics indicators data was published earlier – United States Core Retail Sales came out at 1.3%, better than analyst estimates of 0.4% and improving upon the previous reading of 0.1%. United States Retail Sales beat the 1% projections, with 1.3%.
JetBlue Airways Corporation made an initial break below its 5 day Simple Moving Average at $7.94, a possible indication of a forthcoming negative trend. In contrast, JetBlue Airways could begin to recover as it approaches significant support, now 8 cents away from $7.84. Dipping below could be an indication that further losses are ahead.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting JetBlue to extend its recent losses.
JetBlue Airways was not the only decliner in the industrials sector; United Parcel Service went down 2.43%, closed at $181.47. Raytheon Technologies lost 1.5% yesterday and closed at $94.35. Boeing lost 1.52% yesterday and closed at $172.69.
Furthermore, United States Philadelphia Fed Manufacturing Index (Nov) scheduled to come out today at 13:30 UTC. United States Existing Home Sales (Oct) will be released tomorrow at 15:00 UTC. United States Building Permits (Oct) is expected today at 13:30 UTC.
After hitting an important low of $6.38 approximately a month ago, JetBlue Airways has bounced back 29.31% since.