Despite heavy selling in the broad market and near-record crude prices, one airline stock has found a headwind today. JetBlue Airways announced this morning that traffic in August rose 13.4% and capacity increased 9.8% compared with the same month a year ago. Load factor, meanwhile, jumped 2.7 percentage points to 86.4%. The news proved to be a bright spot in the airline sector, as the AMEX Airline Index (XAL) was last seen lower by more than 2% on the day. Shares of JBLU, meanwhile, have jumped about 1% amid all of this selling.

Technically, the stock is far from an outperformer, having shed more than 42% since the beginning of the year. Still the losses have stemmed lately, as JBLU trends along support in the 9-9.50 region. However, overhead resistance at the round-number 10 level continues to provide a ceiling for the equity. On the sentiment front, short interest is a notable figure, as more than 24% of the stock's float is sold short. Should JBLU find someway to rise above the 10 level, we could see a pop in the shares as bears begin to buy back their positions.