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SmarTrend Watching for Potential Rebound in Shares of Hunt (Jb) Trans After 2.09% Loss

By James Quinn

Hunt (Jb) Trans (NASDAQ:JBHT) traded in a range yesterday that spanned from a low of $106.57 to a high of $109.01. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $108.17 on volume of 240,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Hunt (Jb) Trans have traded between a low of $100.78 and a high of $131.74 and are now at $106.74, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hunt (Jb) Trans on September 21st, 2018 by issuing a Downtrend alert when the shares were trading at $118.43. Since that call, shares of Hunt (Jb) Trans have fallen 7.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders hunt (jb) trans

Ticker(s): JBHT