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Bearish Moving Average Cross by JB Hunt Transport Services (JBHT)

By Amy Schwartz

Today, shares of JB Hunt Transport Services (NASDAQ:JBHT) have fallen below their 10-day MA of $80.22 on a volume of 169K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, JB Hunt Transport Services share prices have been bracketed by a low of $63.58 and a high of $93.50 and are now at $79.68, 25% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend is monitoring the recent change of momentum in JB Hunt Transport Services. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of JB Hunt Transport Services in search of a potential trend change.

Keywords: moving crosses JB Hunt Transport Services

Ticker(s): JBHT