JB Hunt Transport Services : Keen interest
By Florian Girard
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$83.03 | $0 | $80.7 | -100% |
The company’s excellent Surperformance rating underlines mainly its business predictability and the earnings quality. Analysts have left the selling side and set an average target price 13% above the current stock’s value.
The long term trend as the medium term one remain bullish. Back on the USD 81.7, near the lower trend line, the share has undertaken a rebound. This latter is likely to continue as it gets the support of the rising 50-week MA.
Consequently, investors may open a long position at current prices and target a reversal toward the USD 87.6 resistance. A stop loss order will be set at USD 80.7.