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| Gator's Chart of the Day: JBHT |
I looked at over 200 charts Monday night and this was the most attractive (from a long perspective) one I found. They just reported good earnings with a beat on both top and bottom so that is not a near term concern. Volume has been above the 50 day average both before and after earnings but today's bar is a little shorter than Friday's.
I think the better entry is on a pull back to the 20 day sma but if you just have to buy something a small position in JBHT should be OK. Just keep a stop under the previous day's low in case buyers have got all they want for now.
Remember, cash is a position too. Right now it might be the best one.
