JB Hunt Transport Services : Keen interest
Entry price | Target | Stop-loss | Potential |
---|
US$83.03 |
US$0 |
US$80.7 |
-100% |
---|
JB Hunt Transport Services is close to an area that might stop the downward trend.
The company’s excellent Surperformance rating underlines mainly its business predictability and the earnings quality. Analysts have left the selling side and set an average target price 13% above the current stock’s value.
The long term trend as the medium term one remain bullish. Back on the USD 81.7, near the lower trend line, the share has undertaken a rebound. This latter is likely to continue as it gets the support of the rising 50-week MA.
Consequently, investors may open a long position at current prices and target a reversal toward the USD 87.6 resistance. A stop loss order will be set at USD 80.7.
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