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Shares of Arcbest Corp Has Fallen Below Previous 52-Week Low

By James Quinn

Arcbest Corp (NASDAQ:ARCB) traded today at a new 52-week low of $29.50. Approximately 115,000 shares have changed hands today, as compared to an average 30-day volume of 242,000 shares.

ArcBest Corporation is a diversified holding company involved in motor carrier transportation and intermodal transportation operations. The Company transports a variety of goods around the world.

Potential upside of 36.0% exists for Arcbest Corp, based on a current level of $29.60 and analysts' average consensus price target of $40.25. The stock should find initial resistance at its 50-day moving average (MA) of $33.09 and further resistance at its 200-day MA of $39.47.

Arcbest Corp share prices have moved between a 52-week high of $51.45 and the current low of $29.50 and are currently at $29.60 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 2%.

SmarTrend recommended that its subscribers protect gains by selling shares of Arcbest Corp on February 28th, 2019 by issuing a Downtrend alert when the shares were trading at $35.10. Since that call, shares of Arcbest Corp have fallen 13.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows arcbest corp

Ticker(s): ARCB