20May12:35 pmEST
Looking for a Catch-Down Play
With the major indices flat into the New York lunch hour, select long and short plays are working quite well.
Returning to the airline sector, in light of names like AAL not becoming oversold on multiple timeframes, I am looking to rotate that capital perhaps to "catch-down" plays, meaning other airlines which had been holding up well but which now may be ripe to crack and follow the crew lower.
JBLU is a name which comes to mind, with its very steep uptrend, seen below on the daily chart, looking long in the tooth.