After Yesterday's Rally of 1.01% Shares Could Potentially Pullback
JB Hunt Transport Services (NASDAQ:JBHT) traded in a range yesterday that spanned from a low of $81.49 to a high of $82.20. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $81.90 on volume of 152,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
JB Hunt Transport Services share prices have moved between a 52-week high of $93.50 and a 52-week low of $63.58 and are now trading 29% above that low price at $82.12 per share. 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: rebounders JB Hunt Transport Services