JB Hunt Transport Services : Volatility should make a big comeback
Entry price | Target | Stop-loss | Potential |
---|
$107.41 |
$115.9 |
$103.9 |
+7.9% |
---|
An exit from the recently observed accumulation phase to the upside could allow for the assumption that a clear upward trend is re-established with an increase in volatility.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● The share is getting closer to its long-term support in weekly data, at USD 105.41, which offers good timing for buyers.
● The close medium term support offers good timing for purchasing the stock.
● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● The group usually releases upbeat results with huge surprise rates.
● Over the past year, analysts have regularly revised upwards their sales forecast for the company.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
Weaknesses● The firm pays small or no dividend to shareholders. For that reason, it is not a yield company.
● The underlying tendency is negative on the weekly chart below the resistance at 117.42 USD
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