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Look for Shares of Hunt (Jb) Trans to Potentially Rebound after Yesterday's 3.96% Sell Off

By Amy Schwartz

Hunt (Jb) Trans (NASDAQ:JBHT) traded in a range yesterday that spanned from a low of $100.72 to a high of $102.76. Yesterday, the shares fell 4.0%, which took the trading range below the 3-day low of $102.27 on volume of 2.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Hunt (Jb) Trans has traded in a range of $88.38 to $131.74 and is now at $101.32, 15% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in Hunt (Jb) Trans. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hunt (Jb) Trans in search of a potential trend change.

Keywords: rebounders hunt (jb) trans

Ticker(s): JBHT