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JimVanMeerten (67.33)

Jet Blue sell signals

Recs

1

May 18, 2013 – Comments (0) | RELATED TICKERS: JBLU

All of my model portfolios has different screening criteria: some based on technical momentum, some based on fundamental factors and some based on both.  Occasionally a stock may meet the screening criteria of more than one portfolio.  That happened with Jet Blue (JBLU).  It was added to the New High portfolio when I screened for stocks trading over 100,000 shares a day hitting the most frequent new highs and at the same time was added to the Speculative portfolio because it was a stock trading under $10 the was hitting new highs.

Today I'm deleting it from both because it has reversed that former momentum:


Barchart technical indicators:

80% Barchart short term technical sell signalTrend Spotter sell signalTrading below its 20 and 50 day moving averages7.74% loss in the last 20 days11.54% off its 1 year highRelative Strength Index 39.81%

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