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Watch for Hunt (Jb) Trans to Potentially Pullback After Gaining 1.18% Yesterday

By Amy Schwartz

Hunt (Jb) Trans (NASDAQ:JBHT) traded in a range yesterday that spanned from a low of $125.15 to a high of $127.04. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $125.61 on volume of 371,000 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 $127.04 and is now at $126.46, 67% above that low. 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 recommended that subscribers consider buying shares of Hunt (Jb) Trans on April 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $118.34. Since that recommendation, shares of Hunt (Jb) Trans have risen 5.7%. We continue to monitor JBHT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders hunt (jb) trans

Ticker(s): JBHT