Stock Picks – JB Hunt Transport Services Inc-JBHT
by Sam Collins | March 11, 2010 4:35 am
JB Hunt Transport Services Inc. (JBHT[1]) — This transportation company has been in a consolidation since hitting a bottom in March. After rebounding from a low of just over $18, JBHT quickly jumped to the $30s, but then had a difficult time breaking from an extended right triangle[2].
On Jan. 12, at $33.79, I said[3], “Heavy buying is driving the stock through resistance[4] at $34 with a likely trading target of $40-plus.”
My timing was off on this trade, and with the market correction JBHT pulled back to $30 and executed a trading buy signal and daily reversal.
Again at $33, another buy signal was given as the 20-day moving average passed through the 50-day moving average[5].
The technical trading target is now $40-plus, and S&P recommends the stock as a “four-star buy” with a fundamental target of $39.
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These must-have companies are just hitting their stride and are poised to outperform the market in the short-term. Investing pro Louis Navellier reveals his top five picks for 2010 in this free stock guide — download your FREE copy here[9].
- JBHT: http://studio-5.financialcontent.com/investplace/quote?Symbol=jbht
- triangle: https://www.optionszone.com/learn-more/john-lansing/technical-analysis-101-triangles.html
- I said: https://www.optionszone.com/trading-picks/trade-of-the-day/2010/01/stock-picks-jb-hunt-transport-services-jbht.html
- resistance: https://www.optionszone.com/learn-more/john-lansing/chart-analysis-resistance-and-support-levels-part2.html
- moving average: https://www.optionszone.com/learn-more/chris-rowe/how-moving-averages-work.html
- Sweet 16 Option Trades: https://www.optionszone.com/trading-picks/options/2010/03/march-madness-trading-contest-sweet-16-option-trades.html
- Take a Gamble on UVT: https://www.optionszone.com/trading-picks/trade-of-the-day/2010/03/stock-picks-proshares-ultra-russell2000-value-etf-uvt.html
- Can the Apple iPad Take Down Mighty Amazon?: https://www.optionszone.com/trading-picks/options/2010/03/apple-aapl-ipad-set-to-steal-market-share-from-amazon-amzn-kindle.html
- download your FREE copy here: https://www.optionszone.com/order/?sid=XH3254
Source URL: https://investorplace.com/2010/03/stock-picks-jb-hunt-transport-services-inc-jbht/