1CHRW trade ideas
BUY to CH ROBINSON WORLDWIDEHey traders, CH ROBINSON WORLDWIDE is in a bearish configuration, according to the several purchase volumes of the last 4 days, great potential for a reversal this time.
Its looking to go on its last higher where otherwise the buyers will buy again one last time to give a certain angoumment and fell back the following day.
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CHRW SHORT TRADEMarkets are looking bullish at the moment and things are going up again. This crash in the market have given us some good opportunities to buy good quality stocks at great discounts
However it is difficult to predict if the current bullish momentum is just a dead cat bounce, or if the market is actually going to rally to all time highs
Therefore it could be a good idea to hedge your portfolio, and i am here looking at CHRW
Technical analysis looks really good and are giving a lot of bearish signals
Fundamentals of the company are not the best either
CHRW Upside potentialI like the way this looks. Overbought and MACD looking good on smaller tf.
Black lines are possible resistance points.
CHRW appraoching resistance, potential drop! CHRW is approaching our first resistance at 92.75 (horizontal swing high resistance, 61.8% Fiboancci retracement, 61.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 85.96 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance.
CH ROBINSON TO 80In the near future, CH ROBINSON STOCK WILL HIT ONE MORE ALL-TIME HIGH BEFORE THE ITS BIG CRASH. But for now, it's heading south to 80 to complete its impulse before any move up
CHRW Approaching Support, Potential Bounce!CHRW is approaching support at 81.02 (100% Fibonacci extension, 50% & 38.2% Fibonacci retracement, horizontal overlap support) where it could potentially rise to its resistance at 93.09 (61.8% Fibonacci retracement, horizontal swing high resistance).
Stochastic (89, 5, 3) is approaching support at 2.12% where a corresponding bounce could occur.
Long CHRW above supportThis daily chart of CHRW is straightforward. Resistance, once broken, becomes support. The move from 60 to 100 was a clean break through resistance at 80, followed by a simple 50% correction. Initiating a long position at 90 with the intention of holding for as long as price stays above 80. Initial profit target at 110 for a 2:1 reward-to-risk ratio.
C.H. Robinson Worldwide is heading much, much higherCHRW is likely going much higher in the future. The 3rd party logistics business is breaking out to all-time highs after consolidating for much of the last five years.
Fundamental Backdrop: Changes in the regulatory environment of the U.S. freight business are taking a enormous % of truck driver driving hours off the road, due in large part to the implementation of strict electronic data logging requirements. These electronic records enforce the cap on the number of hours that U.S. based truck drivers can drive each day/week. Due to this, the supply/demand equation for moving freight is titling heavily in the favor of businesses like C.H. Robinson that benefit from this imbalance. C.H. Robinson is essentially a middle man between businesses needing to move their products and the actual truck drivers who haul the freight. As the truck drivers can demand higher rates, C.H. Robinson's piece of the pie is increasing dramatically. I expect this to show up in a large beat in Q4 revenues and earnings, with quarterly revenues likely to top $3.9 billion for the first time. There is one important question to ask. What will fix this supply/demand imbalance brought on by electronic driving records? The easy answer is more truck drivers, however, retirement rates are currently outpacing the number of new drivers acquiring CDLs. The only real fix I see is driverless trucks, and this is likely 10+ years away. C.H. Robinson seems primed to outperform going forward.
Technical Backdrop: The technical situation seems to be supporting the fundamentals. We have had a long-term consolidation pattern lasting much of the previous five years. CHRW has broken out of this consolidation and moved solidly to the upside, confirming the breakout. On the daily chart, C.H. Robinson consolidated the initial gains from the breakout without much selling pressure. This small consolidation is now looking to break to the upside as well, further confirming the new uptrend in the stock.
Minimum Price Target: $120
Likely Price Target: $150
Stop Loss: $77
From Yahoo Finance :
C.H. Robinson Worldwide, Inc., a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. The company operates through North American Surface Transportation, Global Forwarding, and Robinson Fresh segments. It offers transportation and logistics services, such as truckload comprising time-definite and expedited truck transportation services; less than truckload services; intermodal transportation, which is shipment service of freight in trailers or containers by a combination of truck and rail; and non-vessel ocean common carrier or freight forwarding services, as well as organizes air shipments and provides door-to-door services. The company also provides custom broker services; and other logistics services, including fee-based managed, warehousing, small parcel, and other services. It has contractual relationships with approximately 107,000 transportation companies, including motor carriers, railroads, air freight, and ocean carriers. In addition, the company is involved in buying, selling, and marketing fresh produce, including fresh fruits, vegetables, and other perishable items. It offers its fresh produce to grocery retailers, restaurants, produce wholesalers, and foodservice distributors through a network of independent produce growers and suppliers. C.H. Robinson Worldwide, Inc. was founded in 1905 and is headquartered in Eden Prairie, Minnesota.
TRADE IDEA OF THE WEEK IN CH ROBINSON (CHRW)Now this week's new Trade Idea of The Week is in CH ROBINSON (CHRW). We decided to enter a bullish position in one of our watchlist stocks, CH ROBINSON. We entered this trade on the long side at $92.94 and we have already made some gains today. This is a great setup that we loved to play called a squeeze. This is where the price consolidates and then starts to move with momentum out of the consolidation. This type of setup can produce some of the best explosive moves. Here is a list of reasons why we like this trade:
The overall market is looking strong in the short term
The transportation sector is looking great right now (you can see this sector's chart on our Sector Watch)
The price is moving higher out of a squeeze
The price has moved above the 21 period moving average with momentum
We are hoping that all of these reasons provide a profitable setup for us to swing trade the next coming days!
truckers should watch out incase CHRWI did $CHRW two years ago and today $CHRW going to get a update so I see on the weekly chart , I see anywhere from $48-60 range overall if we are putting together specific time range like late July until now? But let’s continue everybody who learned technical analysis from a book will say oh we are seeing M,W,U, patterns and what not. Ok interesting enough to argue about it. I see $CHRW just keep getting Bigger triangles and can’t take them out. In this triangle here there are arrows to see what I am talking about. If I’m right that resistance line will make it ride Friday’s close to the 65 neighbor and below. I don’t think this is a buy because of the debacle in the oilers.
CHRW Is it time of Bullish?After the price movement down under the support line, it turned back with 2 bullish candles. If Dec 14, open higher $62, open Long with Stop Loss @61.3.
