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SmarTrend Watching for Potential Rebound in Shares of JB Hunt Transport Services After 1.95% Loss

By James Quinn

JB Hunt Transport Services (NASDAQ:JBHT) traded in a range yesterday that spanned from a low of $76.20 to a high of $80.15. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $79.79 on volume of 1.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, JB Hunt Transport Services share prices have been bracketed by a low of $63.58 and a high of $93.50 and are now at $78.52, 23% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.62% higher over the past week, respectively.

Keywords: rebounders JB Hunt Transport Services

Ticker(s): JBHT