JetBlue Airways at year lows

Shares of JetBlue Airways Corporation booked a new 52 week low by trading below $5.26, traders are definitely monitoring JetBlue’s price action to see if this move attracts further selling, or it this last push down sets a tradable bottom in the stock.

JetBlue Airways Corporation provides nonstop passenger flight service.The airline is based in New York and uses John F. Kennedy Airport as its main hub. The company flies to various international destinations and in the United States.

JetBlue Airways is currently trading -3.82% versus its previous trading session close, and it has calculated support and resistance at $5.40 and $6.26 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.11% from its previous trading close, which means that JetBlue Airways stock is underperforming the overall market.