JBL is trading at $257.39, down 3.22% as investors take profits following a robust 26% rally over the past three months and a 6.79% jump on February 6.
- Technical analysts have flagged a bearish divergence, noting that trading volume fell during recent price increases, signaling a potential early warning for the uptrend.
- The stock has closed lower in six of the last ten trading days, suggesting a loss of momentum despite the broader positive trend.
- Broader market weakness is contributing to the pullback, with the S&P 500 down 0.08% and the Nasdaq Composite falling 0.32%.