On Tuesday, Jetblue Airways Corp (JBLU) received a positive adjustment to its Relative Strength (RS) Rating, from 66 to 71.
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This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the trailing 52 weeks matched up against all other stocks.
Decades of market research shows that the top-performing stocks often have an 80 or better RS Rating as they launch their largest price moves. See if Jetblue Airways Corp can continue to show renewed price strength and hit that benchmark.
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Jetblue Airways Corp has climbed more than 5% past a 16.45 entry in a first-stage consolidation, meaning it’s now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Although earnings and sales growth came in at -373% and -67%, respectively, in the latest report, that marked two straight quarters of improvement for earnings and two for the top line.
Jetblue Airways Corp holds the No. 8 rank among its peers in the Transportation-Airline industry group. Volaris Avia Hd (VLRS) and SkyWest (SKYW) are also among the group’s highest-rated stocks.
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The post Jetblue Airways Corp Shows Improved Relative Price Performance; Still Shy Of Benchmark appeared first on Investor's Business Daily.
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Originally published at https://www.investors.com/ibd-data-stories/jetblue-airways-corp-shows-improved-relative-price-performance-still-shy-of-benchmark/ on .
