Get started
HaseebKhan_90

JBHT ready to move higher?

Long
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)  
HaseebKhan_90 Updated   
NASDAQ:JBHT   J.B. Hunt Transport Services, Inc.
Trend Analysis Chart Patterns Rectangle buysignal buysetup buyzone baseontopofabase resistancebroken consolidation consolidationbreakout
1
0
trendanalysis chartpattern rectangle buysignal buysetup buyzone baseontopofabase resistancebroken consolidation consolidationbreakout
* Great earnings year-over-year
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* Was in a ~7 month consolidation
* Recent earnings caused a break away gap and a tight range for 3 weeks
* This created a base on base pattern
* Breaking out of a very tight 3 week consolidation of 2.49% with higher than average volume

Trade Idea:
* Now's the perfect time to enter as the price is very close to the broken level.
* However, looking at the weekly chart, this may consolidate for a couple of days before continuing to move higher.
Comment:
JBHT is offering another entry in case you missed the first one. You can use the following criteria to enter:

Entry: $201.46
Stop: $191.46
Target: $226.46
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.