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

JBHT Stock Chart

After rebounding from the low of just over $18, JBHT quickly jumped to the $30s, where it began to develop an extended bullish channel, which is still intact.

After a new high at over $38 in mid-April, the stock pulled back to its bullish support line where new Collins-Bollinger Reversal ( CBR ) buy and stochastic buy signals were flashed last week.

The trading target for JBHT is $40-plus, and S&P recommends the stock as a "four-star buy" with a fundamental target of $39.

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .

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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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