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