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Swift Transporta Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

Shares of Swift Transporta (NYSE:SWFT) traded today at $29.45, breaking its 52-week high. So far today approximately 578,000 shares have been exchanged, as compared to an average 30-day volume of 2.5 million shares.

In the past 52 weeks, Swift Transporta share prices have been bracketed by a low of $14.31 and a high of $29.45 and are now at $29.44, 106% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.4%.

Swift Transporta (NYSE:SWFT) is currently priced 3.2% above its average consensus analyst price target of $28.50. The stock should discover initial support at its 50-day moving average (MA) of $17.48 and subsequent support at its 200-day MA of $17.14.

Swift Transportation Company provides transportation and logistics services. The Company offers dry van, dedicated, temperature controlled, flat bed, cross border, and intermodal transport services. Swift Transportation serves customers in North America.

SmarTrend recommended that subscribers consider buying shares of Swift Transporta on April 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.53. Since that recommendation, shares of Swift Transporta have risen 16.8%. We continue to monitor SWFT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows swift transporta

Ticker(s): SWFT