____________________________
Even with energy and energy stocks acting reasonably well to start 2012, an airline like JetBlue looks to be as attractive as any long setup our there. Note the bullish volume pattern over the past few weeks, as price has been basing above the 200 day moving average. I like JetBlue on any further strength, so long as the broad market does not sharply reverse lower (in which case most breakouts will fail). Also note earnings on January 23rd. In addition, Southwest Airlines (earnings on 01/19) is basing tightly and could be ready to break out along with JetBlue.
I am not looking at the airlines as a whole for a major sector break out. Instead, I am focusing on the very best setup here. Incidentally, JetBlue and Southwest are considered to be two of the best-run airline businesses.
____________________________
____________________________
