JBHT trade ideas
$JBHT - The Road Ahead: How High Will J.B. Hunt Transport ServicWhat is J.B. Hunt Transport Services, Inc.?
J.B. Hunt Transport Services, Inc. ( NASDAQ:JBHT ) is a leading provider of transportation and logistics services in North America. Here's what you need to know in layman's terms:
What They Do: They move stuff. Think of them as the behind-the-scenes muscle that ensures your Amazon package, the groceries at your local supermarket, and even parts for manufacturing get from point A to point B efficiently.
Why It Matters: In a world where e-commerce is booming, and supply chains are more complex than ever, J.B. Hunt plays a crucial role in keeping the gears of commerce turning.
Question for Discussion: How do you think the increasing adoption of electric and autonomous vehicles will impact J.B. Hunt's business model and stock performance in the next decade?
LONG JBHT 041824I cant really make sense of price action related to historical enrings for this company, clearly I need to dig further ....
That being said, I like this opportunity as going long here based on the swing low.
Logistics will continue being errored by the transpiration powerhouse which is Amazon but these companies are continuously working on refining themselves. I am certain each of them are doing their best to gather and interpret analytics and in the next 5 years we will see an evolution via this effort in maximizing routes, stabilizing legs on various backhauls and deliveries across the board.
I want to take a long here with a small hedge to the downside just in case in the foreseeable 2-3 weeks.
Happy Trading,
JB Hunt, time to go long? (H&S)Closed out a short position after today's drop in Nasdaq and then went long on the reversal/bounce off the low $182's. Looking to see to what extent the Head & Shoulders pattern plays out beyond $186.
If we stay above the 200 MA, $190 would be the first profit target, with a possible short to retest $186.00.
NASDAQ:JBHT
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JBHT: BUY - 166, TP - 185, SL - 158JB Hunt Transport Services Inc (JBHT)
Report on 18/04/2022 transportation services
BUY - 166
TP - 185
SL - 158
The fall from the peak of 218$ in the middle of March is mainly due to overall market trends and pricing in the potential recession in transportation which can be caused by FED rate hike and subsequent overalll economic activity slowdown. Similar downtrends can be seen in XPO, FDX, UPS charts.
What concerns JBHT itself, no major negative signs were observed. Vice verse recently analysts' expectations on 1Q2022 results were raised, which could be a signal of forecast beat once again. During last 2 years all quartetly reports have come exceeding expectations. Company has strongly diversified client base, rather small long-term debts as of balance sheet, good profitability margins.
In general the market gives an opportunity to enter LONG position on attractive price. Average analyst price target is 212$, which I myself see as appropriate today's value of the company.
JBHTDaily Chart Report
JBHT looks like it's gonna start heading lower. All the indicators are showing some bearish trend and we also see some increasing volume on red candles for the past few days. If the 194 support level is taken out then it will head to 185 within days. The chart is only bearish for the short term. On the long term it is still in a bull trend.
JBHT ready to move higher?* Great earnings year-over-year
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* Was in a ~7 month consolidation
* Recent earnings caused a break away gap and a tight range for 3 weeks
* This created a base on base pattern
* Breaking out of a very tight 3 week consolidation of 2.49% with higher than average volume
Trade Idea:
* Now's the perfect time to enter as the price is very close to the broken level.
* However, looking at the weekly chart, this may consolidate for a couple of days before continuing to move higher.
ABC BullishPull back today which puts JBHT closer to long entry level. Possible stop under C or last pivot low.
Earnings around the corner so this could go lower. Folks get nervous and seems a lot of selling occurs when earnings are close.
The auto fib tool on here can help with nailing C. It is not always right and sometimes C goes lower. JBHT does have a long AB leg, or impulse wave.
There are only 2 kinds of markets. Trending and sideways. Trending can be to the upside or the downside of course, but knowing which way your securities you choose to trade can be important. It seems this market will trade something up to the almost parabolic level sometimes, sell it, then lose interest in the entire sector for a while. It can be a good idea to scan the other stocks in the sector you are about to enter. Keeping up with it can give a person a migraine )o:
No recommendation.