Trading JetBlue After the Plunge

JetBlue (JBLU) sank almost 4% Tuesday with a long-term overbought condition in place. The stock closed below my first support level at $7.30 -- a 0.236 retracement -- and filled the gap at $7.39.

For any short-term traders out there, JetBlue is reading as short-term oversold following Tuesday's nose dive. You can look to sell any short-term bounce into retracement levels at $7.36, with the short-term selling zone at $7.42 to $7.49....51 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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