Stock Picks – J.B. Hunt Transport Services-JBHT

J.B. Hunt Transport Services (JBHT) – This North American surface transportation company has been in a consolidation since hitting a bottom in March. 

After rebounding from a low at just above $18, JBH quickly jumped into the $30s, but then had a difficult time breaking from an extended right triangle. 

Now, however, heavy buying is driving the stock through resistance at $34 with a likely trading target of $40-plus. 

S&P rates the stock a “four-star buy” with a fundamental target of $39.

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