New Position: Long JBLU 11.07 ATR .39
Name of Instrument: Jet Blue Airways
Sell Stop 10.47
Current Price: 11.13
Reason for Trade: After testing the 50 DMA twice, it gapped up over the 10 DMA and gave a good tight risk to below the 50 DMA. Has cleared the 6 month calendar range as well. If can hold and clear recent highs 11.59 see 12.00 or higher
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STOPPED OUT: 31.89 SCCO: Long 33.43