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Hunt (Jb) Trans Rises 2.56% on Heavy Volume: Watch For Potential Pullback

By David Diaz

Hunt (Jb) Trans (NASDAQ:JBHT) traded in a range yesterday that spanned from a low of $90.28 to a high of $94.38. Yesterday, the shares gained 2.6%, which took the trading range above the 3-day high of $93.39 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Hunt (Jb) Trans has traded in a range of $75.71 to $102.38 and is now at $93.55, 24% above that low. Over the past week, 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 Hunt (Jb) Trans and will alert subscribers who have JBHT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders hunt (jb) trans

Ticker(s): JBHT