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Trade of the Day – J.B. Hunt Transport (JBHT)

J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT ) - This North American surface transportation company has been in a consolidation since hitting bottom in March 2009.

On June 11 at $33.50 the COD said, "After a new high at over $38 in mid-April, the stock pulled back to its bullish support line where a pair of new CBR buy and stochastic buy signals were flashed. The trading target for JBHT is $40-plus and S&P recommends J.B. Hunt as a 4-Star (BUY) with a fundamental target of $39."

See Sam Collins' Daily Market Outlook here .

Since then JB Hunt ran to $36 twice before pulling back to its major support line where on July 1 it issued another of our internal buy signals ( CBR ).

JBHT's target is still $40 and should be accumulated as a long-term position.

jbht-chart

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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