J.B. Hung Transport Services (JBHT) has been on a long-term upward trend for a couple years now; however, that shouldn’t shy us away from trying to profit short-term on this current long-term trend.
From looking at the chart below, we want to see the stock comfortably hit $37.20 for our buy target. By waiting for that price, we can safely say that the 68% retracement has been passed.
Buy target is $37.20. Price Target is $40.00.
INO - Check out a free trend analysis for J.B. Hunt Transport Services
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