jaxdog

$ARCB Flat Base Breakout?

Long
NASDAQ:ARCB   ArcBest Corporation
I bought this yesterday, 12/30, on the pullback to both the 10 EMA and what I'm considering the base breakout area. This may be a nice play on continued opening of the economy in the transport sector. Ideas, not investing / trading advice.

From the companies website:

Innovative Logistics Solutions for a World on the Move

ArcBest® helps keep the global supply chain moving. We leverage our full suite of shipping and logistics solutions to meet the critical needs of our customers each and every day, without fail.

United as ArcBest, we offer ground, air and ocean transportation through our less-than-truckload carrier ABF Freight®, the Panther Premium Logistics® fleet and a growing network of over 40,000 capacity providers across North America. We also offer fleet maintenance and repair services through FleetNet America® and household goods moving through U-Pack®.

Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.

I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
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