Swift Transportation, JB Hunt, Con-way, Old Dominion Freight Line, and Knight Transportation Under StockCall's Microscope
LONDON, April 10, 2013 /PRNewswire/ --
Economic activity in the U.S. has picked up since the start of this year. The improved economic outlook has boosted business confidence. The trend is expected to benefit transportation service providers such as Swift Transportation Co. (NYSE: SWFT), J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), Con-way Inc. Inc. (NYSE: CNW), Old Dominion Freight Line (NASDAQ: ODFL), and Knight Transportation (NYSE: KNX). Shares of all five companies, however, finished lower on Tuesday even as the broad market finished in green as investors digested some robust economic data from China. StockCall has released full comprehensive research on SWFT, JBHT, CNW, ODFL, and KNX and these free technical analyses can be downloaded by signing up at
http://www.stockcall.com/technicalanalysis
Shares of Swift Transportation Co. edged lower on Tuesday, extending its losses from the previous trading session. The stock fell to an intra-day low of $13.12 before finishing the day 0.53% lower at $13.14 on volume of 963,997. the trucking company's shares have fallen more than 4.20% in the last two trading sessions. Despite the losses this week, Swift Transportation's shares have gained more than 44% so far in 2013, easily outperforming the S&P 500, which gained nearly 10% in the same period. However, the stock has slipped below its 50-day moving average, which suggests that market sentiment has turned bearish. Free technical analysis on SWFT available by signing up at
http://www.StockCall.com/SWFT041013.pdf
Shares of J.B. Hunt Transport Services Inc. ended marginally lower in yesterday's trading session. The stock fell to an intra-day low of $73.15 before finishing the day 0.46% lower at $73.50 on volume of 545,950. Despite the pullback, J.B. Hunt's shares are still up more than 1.40% in the last three sessions. The stock is currently trading close to its 52-week high of $75.73. Shares of JBHT have traded sideways in the last two weeks. The stock is currently trading well above its 50-day and 200-day moving averages. Register today and access the free research on JBHT at
http://www.StockCall.com/JBHT041013.pdf
Shares of Con-Way Inc. slipped in trading on Tuesday; however, the losses were limited. The stock closed 0.12% lower at $34.29 on volume of 676,956. In the last three sessions, the stock has gained 3.75%. Year-to-date, Con-way's shares have gained more than 23%, outperforming the broad market. The stock is currently trading 10.70% below its 52-week high. Shares of CNW have slipped below their 50-day moving average, which is a bearish signal. The free report on CNW can be downloaded by signing up now at
http://www.StockCall.com/CNW041013.pdf
Shares of Old Dominion Freight Line are currently trading close to their 52-week high of $38.76. On Tuesday, the stock slipped 0.54% to finish the day at $37.16 on volume of 354,237. Despite the pullback, Old Dominion's shares have gained 1.75% in the last three trading sessions. The stock currently faces stiff resistance at around $38. Year-to-date, it has gained 8.40%, underperforming the S&P 500. Shares of ODFL are currently trading above their 50-day and 200-day moving averages. Free report on ODFL can be accessed by registering at
http://www.StockCall.com/ODFL041013.pdf
Shares of Knight Transportation edged lower on Tuesday. The stock closed 0.96% lower at $15.44 on above average volume of 649,389. The company's shares have seen a series of lows in the last few trading sessions, which suggest that market sentiment is currently bearish on the stock. The bearish trend is further confirmed by recent volume activity and the stock's MACD chart. Register with StockCall and download the research on KNX for free at
http://www.StockCall.com/KNX041013.pdf
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