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JB HUNT TRANSPORT
(JBHT-Nasdaq):
Technical Viewpoint: From a low
of $31.63 on Jul 11, 2008 prices
rallied, reaching a
high of $38.58
on Jul 23, 2008. A
decline saw prices pull back, reaching a
low of
$35.62 on Aug 4, 2008.
Another rally saw prices penetrate
resistance, closing 8/11/08
at $40.07. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 16, 2008 when the solid line crossed the dotted line to the upside.
Support: Remains at $36.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jun 16, 2008. A P&F upside
reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! JB HUNT TRANSPORT
(JBHT-Nasdaq) @ $40.13 Stop: Use a protective stop of $38.13.
JB HUNT TRANSPORT is currently trading @ $40.07 plus $1.98 on Aug 8, 2008. Price Objective:
$51.00. Risk/Reward: $2.00 VS. $10.87. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$51.00
Risk/Reward:
$2.00 VS. $10.87
Risk/Reward Ratio:
5:1
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