JetBlue (JBLU) – JetBlue Takes Off – Feb 11th, 2020
Bullish: JBLU $20.02 – Industrials
IV Rank: 46%
The bullish DailyPlay we chose for Tuesday, Feb 11th is JetBlue (JBLU). JBLU is part of the Industrial Sector (XLI). XLI has rallied 0.94% higher over the past month and its 1m and 6m trend turned bullish on Feb 5th and recently bounced higher off its $83 support level.
Note: Trade is a credit spread on JBLU, learn more about Credit Spreads here!
Jetblue’s 1m and 6m trend bullish on Jan 17th and recently bounced higher off its $20 support level. With a technical score of 5 (out of 10), JBLU is a neutral stock that is starting to break out higher.
As a stop loss, if JBLU was to trade below $19.50 for multiple days, this would invalidate our analysis and suggest cutting losses on the trade.
Thursday, Feb 13th @ 4:15PM EST – Entering & Managing Options Orders – Reserve Your Spot