 |
| Gator's Chart of the Day: CHRW |
The price is testing a long downtrend line and looks to be a good bet to pop above it. Note that volume was just a little above the 50 day average and clearly higher than the previous red bar. Also note that 4 of the last 5 bars are green.
If the stock closes above the downtrend line I expect that the horizontal line will become support.
"C.H. Robinson Worldwide, Inc., a third-party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. It offers transportation and logistics services, such as truckload, less-than-truckload, intermodal, ocean, and air freight transportation, as well as transportation management, customs brokerage, and warehousing services through contractual relationships with approximately 53,000 transportation companies, including motor carriers, railroads, air freight carriers, and ocean carriers. The company also engages in buying, selling, and marketing fresh produce. It offers its fresh produce to grocery retailers, restaurants, produce wholesalers, and foodservice distributors through a network of independent produce growers and suppliers under the Fresh 1, Tomorrow's Organics, Rosemont Farms, Melon Up, Tropicana, Welch's, Mott's, and Glory Foods names. In addition, the company provides payment management and business intelligence services, such as funds transfer, fuel purchasing, and online expense management primarily to motor carrier companies and fuel distributors. It operates through a network of 235 branch offices in North America, Europe, Asia, South America, Australia, and the Middle East. C.H. Robinson Worldwide, Inc. was founded in 1905 and is headquartered in Eden Prairie, Minnesota." ... Finviz