JetBlue Airways Corporation, an American low-cost airline, continues its bullish trend in order to test new highest level. The stock increased 65% YTD.

From a fundamental viewpoint, JetBlue has managed to stand out in a highly competitive industry, providing an uncommon quality/price ratio, and creating a strong brand image. The airline company delivers solid results and benefits from excellent growth prospects. Sales have reported an increase of 9.3% over the year, amounting to 6.4 billion dollars. Net income reached 637 million dollars. Furthermore, the analysts consensus revised regularly upward EPS estimates of the company for the current year.

Technical patterns are in the green: prices are up for three years. The movement should continue in the coming trading sessions. The 20-day moving average should help to reach the USD 31.5, 2003 high.

In consequence, thanks to these fundamentals and technicals elements, we expect a substantial appreciation of the stock in the coming months, and we recommend to take a long position in JetBlue Airways Corporation with a first target price at USD 31.5. This level is an historical high. A stop loss will be set under the short term support at USD 23.6.

At the publication date, the editor of 4-traders.com has 251 JetBlue airways stocks, bought at USD 19.92.