Old Dominion Freight Line has still an uptrend and is going toward its highest level.

Regarding the fundamentals, we note the 1Q 2013 net income was 15% higher than estimates at USD 40.6 million vs. USD 35.4 million. Moreover, EPS estimates for 2013 and 2014 have been revised upward by the analysts covering the share.

Graphically, the security increases since 2008. It seems able to continue this uptrend supported by moving averages and will soon breakout the EUR 43.6 short term resistance. We anticipate a crossing of this level, given the upward orientation of the stock in the medium and long term.

Taking into account all these elements, investors could buy the stock above the USD 43.6 resistance. The target price is set around EUR 45.5, crossing point of the bullish trend line. A stop loss will be fixed below the EUR 43.6 resistance, threshold that would invalidate the strategy.