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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.
Old Dominion in the season for profits.
With Transports going out to all time highs ODFL ran across my screen Todays close presents us with a great risk reward oppurtunity. Thesis is for monthly timeframe to catch 70 RSI level support here and remain in an out right bullish trend.
ODFL: old dominion freig 2018-05-17 16:47:14 Detected possible stock repurchase
Looks like it's forming multiple tops, I think it may go down from here. Do your own DD.
Long 91.80 Stop 89.57 Target - 96.32
I believe that ODFL is bouncing off support and headed North.
this 'rare' IHS still in play and continue to hold
ODFL is a good trending stock, but volume is fairly thin. This can affect liquidly when entering and exiting trades. The weekly uptrend has been long and linear - the pullbacks have become a little deeper but are more than acceptable on this timeframe. On the daily chart, however, the pullbacks have caused a bit more of a concern. During early 2014 there were...