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Shares of Hunt (Jb) Trans Has Risen Above Previous 52-Week High

By Amy Schwartz

Hunt (Jb) Trans (NASDAQ:JBHT) traded at a new 52-week high today of $129.06. Approximately 144,000 shares have changed hands today, as compared to an average 30-day volume of 991,000 shares.

Hunt (Jb) Trans share prices have moved between a 52-week high of $129.06 and a 52-week low of $75.71 and are now trading 70% above that low price at $128.43 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.5%.

J.B. Hunt Transport Services, Inc. provides logistics services. The Company transports a variety of products including automotive parts, department store merchandise, paper and wood products, food and beverages, plastics, chemicals, and manufacturing materials and supplies.

There is potential upside of 1.0% for shares of Hunt (Jb) Trans based on a current price of $128.43 and an average consensus analyst price target of $129.75. The stock should find initial support at its 50-day moving average (MA) of $118.59 and further support at its 200-day MA of $111.49.

SmarTrend recommended that subscribers consider buying shares of Hunt (Jb) Trans on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $118.34. Since that recommendation, shares of Hunt (Jb) Trans have risen 7.2%. We continue to monitor JBHT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows hunt (jb) trans

Ticker(s): JBHT