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Watch for Hunt (Jb) Trans to Potentially Rebound After Falling 1.24% Yesterday

By James Quinn

Hunt (Jb) Trans (NASDAQ:JBHT) traded in a range yesterday that spanned from a low of $111.12 to a high of $114.51. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $113.77 on volume of 497,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Hunt (Jb) Trans share prices have been bracketed by a low of $75.71 and a high of $131.74 and are now at $112.05, 48% above that low price. The 200-day and 50-day moving averages have moved 0.05% higher and 0.06% lower over the past week, respectively.

Keywords: rebounders hunt (jb) trans

Ticker(s): JBHT