JBLU Current Price $17.10 Price Target $22
$17C 7/16 ($52,2% till breakeven)
My thesis for JBLU is similar to BA the numbers from travel this weekend are going to give a bump to the entire travel sector. The airliners JBLU especially is down from its 52-week highs and could see a move up on the backs of strong travel data. Savings rates are still very high, the consumer has money to spend I think the trend of increased travel continues which will benefit JBLU. Technically JBLU is hovering around $16.70 support, I think JBLU holds that support and moves up $18 in the short term and moves to test the top line of resistance on current trend at $22.
$17C 7/16 ($52,2% till breakeven)
My thesis for JBLU is similar to BA the numbers from travel this weekend are going to give a bump to the entire travel sector. The airliners JBLU especially is down from its 52-week highs and could see a move up on the backs of strong travel data. Savings rates are still very high, the consumer has money to spend I think the trend of increased travel continues which will benefit JBLU. Technically JBLU is hovering around $16.70 support, I think JBLU holds that support and moves up $18 in the short term and moves to test the top line of resistance on current trend at $22.