Price climbing back inside the rising trend line with positive analyst expectations. Areas plotted to look out for, combined with daily and weekly moving averages to be used as S/R confluences.
Saia provides less-than-truckload, non-asset truckload, expedited and logistics services across the U.S. is ranked #1 in its industry by IBD While the sector ETF AMEX:XTN is down, stocks like NASDAQ:SAIA , NYSE:XPO and NASDAQ:ODFL are all near new highs The price is in its second base formation close of breaking out above $439.50 I'll leave a stop buy...
Company: Old Dominion Freight Line, Inc. Ticker: ODFL Exchange: NASDAQ Sector: Industrials Introduction: Today we are studying Old Dominion Freight Line, Inc. (ODFL) listed on the NASDAQ, a well-regarded player in the industrials sector. The weekly chart is indicating a possible bullish continuation based on a classic Cup and Handle pattern that has been...
Monday will determine where we are. I have three theories for now. Most importantly I am not yet convinced the near-term bottom is in because other stocks that have followed the market pretty well have not finished their wave 5 bottoms which would have them notch lows lower than their wave 3 bottoms from June. The S&P 500 index ended its last long bull run with a...
ENTRY: 268.72 SL: 291.45 TP1: 256.98 TP2: 246.65 - ADX>20 - Daily RS -ve - Daily FFI +ve - Weekly RS -ve - Weekly FFI -ve - Short-term downtrending stock. - EMAs are aligned. - Stoch RSI still above overbought area and waiting for it to cross down 70. - Price pulled back to 20EMA and seems to reject support turn resistance area and monthly CPR since 20 Apr...
Market just finished 1-5 Elliot Wave Theory Upwards and is on it's way to complete ABC Correction to the opposite direction, we are expecting market to bounce at 235 zone because it is 38.2% fib zone, and an institutional candle zone, after the bounce we are expecting price to reach our target which is at B point of an ABC correction. Entry: 235 Invalidation:...
Not sure, but it found Log chart parallel channel support. Goodluck, earnings in about 15 sessions.
I'm calling a top here. Super over-extended. P/E is bonkers for a trucking company. Expecting this to cool down very soon. Forming a hanging man candle at the top of the trend resistance today.. Not the popular thing to do. Near Term price target of $255-$250 Medium Term price target of $235-$230. (Opinion Only)
Yesterday was a warning in my opinion. Today is positioning ahead of further selling pressures. DIA is topping out of the ascending triangle; position accordingly. (Opinion only)
I think we might be able to observe a nice runup in this freight co.
Finished on lows of the day. I propose the idea of going short this overbought trucking stock. All ideas are opinions only and should not be considered trading advice. ODFL
For the short-term I believe the industrials are in for a correction. Pick areas where it's re-testing previous day's high. Of course, this is just my opinion. Do your own due diligence. This is not trading advice. My ideas are: ODFL JBHT IYJ
Very extended beyond its 50 day avg at $168 RSI showing overbought...especially on a miss on eps and revenue today... I’ve opened a put position. Do your own due diligence. Goodluck.
Showing strong weekly support. Looking for a run to at least $1.50 $AZN $ABT $GRUB $ODFL $ANH $GRPN $LECO $RAD $MAR $ETFC $AAPL $CQP $TVPT $ARCO $SWFT $REN