Yahoo Finance StockCall Scrutinizes SWFT, CNW, JBHT, ODFL, and KNX
StockCall.com Provides Stock Research on Swift Transportation Co., Con-way Inc., JB Hunt Transport Services Inc., Old Dominion Freight Line Inc., and Knight Transportation Inc.
New York City, New York -- (May 13, 2013)
The fortunes of the trucking industry rely heavily upon the state of the economy. Concerns over the fiscal cliff issue created a great deal of economic uncertainty in 2012. Not surprisingly, the trucking industry also faced significant challenges last year. However, the U.S. economic outlook has improved significantly since the start of this year. A pickup in economic activity is expected to benefit the trucking industry. Shares of trucking companies ended mostly higher on Friday, tracking gains in the broad market. Among the major movers were Swift Transportation Co. (NYSE:SWFT - News), Con-Way Inc. (NYSE:CNW - News), J.B. Hunt Transport Services Inc. (NASDAQ:JBHT - News), Old Dominion Freight Line Inc. (NASDAQ:ODFL - News), and Knight Transportation Inc. (NYSE:KNX - News). StockCall reviewed the Trucking industry and chose SWFT, CNW, JBHT, ODFL, and KNX for its technical coverage. These free reports can be seen for free at
Shares of Swift Transportation Co. rallied in trading on Friday as the company hosted its annual Investor Day Conference. The stock touched a 52-week high of $16.61 before finishing the day 7.87% higher at $16.03 on above average volume of 2.17 million. Shares of the have had an excellent run so far in 2013, gaining more than 75.70% as compared to a gain of over 14.50% for the S&P 500. The company’s shares are currently trading well above their 50-day and 200-day moving averages. Download the free research on SWFT by signing up now at
www.StockCall.com/SWFT051313.pdf
Shares of Con-Way Inc. edged higher in Friday’s trading session, extending their gains from previous trading sessions. The stock ended the day 2.11% higher at $35.38, taking its gains in the last three sessions to over 3%. Con-Way’s shares have seen a series of highs in the past week which is a bullish signal. The stock has also crossed above its 50-day moving average which further confirms the positive trend. Year-to-date, shares of CNW have gained more than 27.50%, outperforming the broad market. Register for today’s free analysis on CNW at
www.StockCall.com/CNW051313.pdf
Shares of J.B. Hunt Transport Services Inc. edged lower in trading on Friday; however, the losses were limited. The stock ended the day 0.13% lower at $71.77 on volume of 685,800. The company’s shares fell more than 1.70% in the last three sessions which is a positive signal. Despite the recent losses, the stock is still up more than 20.40% for the year. Shares of JBHT are currently trading more than 5% below their 52-week high. Free report on JBHT can be accessed by registering at
www.StockCall.com/JBHT051313.pdf
Shares of Old Dominion Freight Line Inc. edged higher on Friday, reversing some of their losses from previous trading sessions. The stock ended the day 0.81% higher at $39.71 on volume of 290,000. Shares of ODFL have fallen 1.10% in the last three trading sessions. Year-to-date, the stock is still up more than 15.80%, outperforming the S&P 500. The company’s shares currently face resistance at around $40.Register withStockCall and download the research on ODFL for free at
www.StockCall.com/ODFL051313.pdf
Shares of Knight Transportation Inc. rose sharply in trading on Friday. The stock traded between $16.22 and $16.57 before finishing the day 1.48% higher at $16.50 on volume of 610,600. Shares of KNX gained more than 3.60% last week, tracking gains in the broad market. The stock’s MACD chart suggests that market sentiment is bullish currently. This is confirmed by recent volume activity. Year-to-date, Knight Transportation’s shares have gained 13.25%. Read the full free research on KNX by signing up to StockCall at
www.StockCall.com/KNX051313.pdf
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