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Actionable news in JBLU: JetBlue Airways Corporation,

Buy JetBlue Before It Takes Off

Shares of JetBlue (JBLU) soared over 70% in 2015 before leveling off and then diving back down to retrace the entire gain in June this year. Since then, they have been building a base formation and look prepared to break out of the pattern and start climbing again.

The weekly chart shows the rally in the stock price that really began in late 2014 and the steady ascent above the rising 50-day moving average. In late 2015, momentum began to stall, and the stock started to trade in a horizontal channel range, eventually forming a quadruple top and then taking out channel support in the $23.75 area. The trend reversed at that point, and the stock began moving lower below a declining 50-day average.

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