Heartland Express is trading in a bullish trend and several arguments are in favor of the continuation of this trend.
The company shows strong fundamentals and good perspectives. Sales are up + 70.7% for one year helped by the acquisition of GTI. Since this acquisition, analysts from Thomson Reuters consensus have recently revised upward their EPS estimates giving more visibility to investors.
Technically, the security is in an uptrend in all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 22.1. This trend should allow the stock to reach USD 24.35(computed by swing effect).
In consequence, investors can take a long position in Heartland Express at the current price. The target price will be fixed at USD 24.35. A stop loss will be set bellow the USD 22.1 pivot point at USD 21.4.
Heartland Express, Inc. is a holding company. The Company, together with its subsidiaries, is a short, medium and long-haul truckload carrier and transportation services provider. It primarily provides a nationwide asset-based dry van truckload service for various shippers across the United States, along with cross-border freight and other transportation services offered through third party partnerships in Mexico. The Companyâs primary customers include retailers, manufacturers and parcel carriers. Its over-the-road tractors are equipped with mobile communication systems. It operates 31 terminal facilities throughout the contiguous United States and one in Mexico. The Companyâs subsidiaries include Heartland Express, Inc. of Iowa, Heartland Express Services, Inc., Heartland Express Maintenance Services, Inc., Midwest Holding Group, LLC, Millis Transfer, LLC, Smith Transport, Inc. and others.
HEARTLAND EXPRESS, INC. 
