JB Hunt looking like a bullish reversal pre earnings.
This is purely a technical analysis of the companies chart and without taking fundamentals into consideration, it looks very much like a strong reversal is setting up.
On the chart the indicators have been highlighted that show bullish signs.
The stock has hit historical support.
Very bullish reversal candle formation.
Large buy side volume this week.
$101 as a very conservative target, possibly add if it breaks.
Earnings catalyst.
AVERAGE ANALYSTS PRICE TARGET $103
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 20
SHORT INTEREST 5.5%
COMPANY PROFILE
J.B. Hunt Transport Services, Inc. engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers. The DCS segment includes private fleet conversion and final-mile delivery services. The ICS segment provides a single-source logistics management for clients who intends to outsource their transportation activities. It offers flatbed, refrigerated, expedited, less-than-truckload, dry-van, and intermodal freight services. The JBT segment is responsible for full-load, dry-van freight that is transported via roads and highways. The company was founded by Johnnie Bryan Hunt, Sr. and Johnelle D. Hunt on August 10, 1961 and is headquartered in Lowell, AR.
On the chart the indicators have been highlighted that show bullish signs.
The stock has hit historical support.
Very bullish reversal candle formation.
Large buy side volume this week.
$101 as a very conservative target, possibly add if it breaks.
Earnings catalyst.
AVERAGE ANALYSTS PRICE TARGET $103
AVERAGE ANALYSTS RECOMMENDATION HOLD
P/E RATIO 20
SHORT INTEREST 5.5%
COMPANY PROFILE
J.B. Hunt Transport Services, Inc. engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers. The DCS segment includes private fleet conversion and final-mile delivery services. The ICS segment provides a single-source logistics management for clients who intends to outsource their transportation activities. It offers flatbed, refrigerated, expedited, less-than-truckload, dry-van, and intermodal freight services. The JBT segment is responsible for full-load, dry-van freight that is transported via roads and highways. The company was founded by Johnnie Bryan Hunt, Sr. and Johnelle D. Hunt on August 10, 1961 and is headquartered in Lowell, AR.