We are closing in on Spring break here in North East Ohio, and I am jonesing for a roadtrip. Unfortunately the wife is tied up (not literally) so it will just be me and the kids. The whole planning process got me thinking though. And for me everything ties back to the stock market so those thoughts turned to the transports. And specifically the trucking industry.
This group has been turning around one by one. 5 stocks in this group made it through my review process last weekend and one name, Swift Transportation Company (NYSE:SWFT) made the Top 10 for Premium Subscribers. It triggered and I bought it for clients. Today it showed up for the first time on my bullish scan so I thought I would share it all around. Kind of a good deed for Easter.
The chart above is the one I shared with subscribers Sunday. The hold over the break out level Monday (continuation) and move above the 200 day SMA were the trigger. You can see two potential targets to the upside at about 22 and 23.50. There is also support from the rising MACD and rising and bullish RSI. And the Bollinger Bands® may be opening to the upside. We are rising this trucking stock higher. How about you?
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