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

By Nick Russo

Shares of Swift Transporta (NYSE:SWFT) traded today at $28.99, breaking its 52-week high. Approximately 429,000 shares have changed hands today, as compared to an average 30-day volume of 2.5 million shares.

In the past 52 weeks, shares of Swift Transporta have traded between a low of $14.31 and a high of $28.99 and are now at $28.87, which is 102% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.4%.

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.

Based on a current price of $28.87, Swift Transporta is currently 1.3% above its average consensus analyst price target of $28.50. Swift Transporta shares have support at the 50-day moving average (MA) of $17.48 and additional support at the 200-day MA of $17.14.

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 14.3%. 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