Harry Aloof
08-18-2008, 08:38 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
JB HUNT TRANSPORT (JBHT-Nasdaq): Technical Viewpoint: From a low of $31.63 on Jul 11, 2008 prices rallied, reaching a high of $38.58 on Jul 23, 2008. A decline saw prices pull back, reaching a low of $35.62 on Aug 4, 2008. Another rally saw prices penetrate resistance, closing 8/11/08 at $40.07. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 16, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $36.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 16, 2008. A P&F upside reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! JB HUNT TRANSPORT (JBHT-Nasdaq) @ $40.13 Stop: Use a protective stop of $38.13. JB HUNT TRANSPORT is currently trading @ $40.07 plus $1.98 on Aug 8, 2008.
Price Objective: $51.00
Risk/Reward: $2.00 VS. $10.87
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2314-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
JB HUNT TRANSPORT (JBHT-Nasdaq): Technical Viewpoint: From a low of $31.63 on Jul 11, 2008 prices rallied, reaching a high of $38.58 on Jul 23, 2008. A decline saw prices pull back, reaching a low of $35.62 on Aug 4, 2008. Another rally saw prices penetrate resistance, closing 8/11/08 at $40.07. Technicals: MACD Index (MACD): A Buy Alert! was given on Jul 16, 2008 when the solid line crossed the dotted line to the upside. Support: Remains at $36.00. Resistance: Is at None at current levels. Point & Figure: Reversed to the upside on Jun 16, 2008. A P&F upside reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! JB HUNT TRANSPORT (JBHT-Nasdaq) @ $40.13 Stop: Use a protective stop of $38.13. JB HUNT TRANSPORT is currently trading @ $40.07 plus $1.98 on Aug 8, 2008.
Price Objective: $51.00
Risk/Reward: $2.00 VS. $10.87
Today's Risk Reward Ratio: 5:1
http://18004wallstreet.com/images/charts/Chart2314-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)