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

By Shiri Gupta

JB Hunt Transport Services (NASDAQ:JBHT) shares have crossed bullishly above their 10-day moving average of $83.10 on a volume of 241K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of JB Hunt Transport Services have traded between a low of $63.58 and a high of $93.50 and are now at $83.63, which is 32% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for JB Hunt Transport Services and will alert subscribers who have JBHT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses JB Hunt Transport Services

Ticker(s): JBHT