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

by Sam Collins | January 7, 2010 10:52 am

 

J.B. Hunt Transport Services (JBHT[1]) – 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[2]. 

Now, however, heavy buying is driving the stock through resistance[3] 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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Source URL: http://www.investorplace.com/2010/01/stock-picks-jb-hunt-transport-services-jbht/
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