by Sam Collins 07/31/08
J.B. Hunt Transport Services Inc. (JBHT) -- This major freight company provides transportation services in North America and has been trading in an uptrend since late 2004.
JBHT has been a favorite of the Trade of the Day and since we first mentioned it last year, the stock has appreciated by over 60%.
Recently, on April 14, JBHT reversed at just under $29 and quickly made a new high at over $36. On May 27, we said, "Last week, it pulled back to its 50-day moving average where it should be bought. Its trading objective is $40."
Recent buying has driven the stock to another new high and so buyers may want to wait for a pullback to below $35 before entering new positions. Our target, though, has been revised upward to $46.
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