JB Hunt Transport Services : keep its straight line
By Lara Villeneuve
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
US$56.91 | US$0 | US$52.9 | -100% |
Earnings for the first quarter 2012 showed a benefit of 67.7 million dollars from 51 million for Q1 in 2011. They growth faster than turnover which recorded a 16% increase from 1 billion dollar to 1.16 billion. Earnings per share are now expected at USD 2.62 against 2.11 in 2011.
The stock shows a strong bullish configuration. Moving averages are well oriented and 20-days moving average come as support of the trend and can give a new acceleration to the security. A slanting is materialized by 50-days moving average which represents a barrier against a fall.
Investors can buy in the value with a USD 60 target, in line with the consensus objective. A stop loss will be engaged to avoid reversal at USD 52.9, below the USD 53.55 support.