JB Hunt Transport Services : Opportunity on the stock
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$84.73 | $0 | $82.8 | -100% |
Technically, the uptrend in the medium and long term should prevent the equity from a major downtrend. In the short term, a decline has lead the share near the USD 84.15 support. Therefore, if a technical rebound takes place the target would be fixed near the USD 89 short-term resistance.
The decline observed in the short term offers an interesting entry point for a mid-term trading strategy. Thus, investors could take advantage of the current prices level to buy J B Hunt Transport Services. The target will be set at USD 88.95 and by extension USD 92.
The stop loss will be triggered below the USD 84.15 support at USD 82.8.