The airline, JetBlue Airways Corporation, is another example of the type of heavily-shorted stock that has potential to see some hot action during a light volume, holiday week of trading. We know that oil prices are well off their annual highs (major input cost for airlines), which could easily propel the stock even higher. Beyond that, though, I am more impressed with the technical base the stock has formed just under resistance, with its 50 and 200 day moving averages now torquing up. Clearing $5.40 and especially $5.50 will likely set the squeeze in motion.
Earnings are scheduled for 07/23.