• Chart of the Day: JB Hunt Transport Services (JBHT)

    by  • November 2, 2012 12:05 pm • Charts to Watch, Tony Venosa's Chart of the Day • 0 Comments

    Today’s chart is of JB Hunt Transport Services (JBHT), which provides transportation and delivery services in the continental United States, Canada, and Mexico.

    Ticker:  JB Hunt Transport Services (JBHT)

    Strategy:  Long Trade

    What I Am Looking At:

    • Up 225 percent since its March 2009 bottom
    • Outperforming year-over-year, up over 49 percent
    • Outperforming year-to-date, up nearly 46 percent
    • Recent positive earnings reaction
    • Trading 4 percent below all-time high set this summer
    • Over 5 percent of the float is sold short
    • 11 out of 22 analysts maintain “hold” ratings
    • 50-day buy-to-open put/call ratio exceeds 5, indicating preference for puts

     

    Trigger:  Breakout of high made on 10/12/12

    About

    Tony Venosa, CMT is a Senior Options Strategist and works on the trading desk at Schaeffer’s Investment Research. He joined Schaeffer’s in 2010. He has worked in the finance industry for over 15 years. He began his career as a trading assistant in Chicago on the floor of the Chicago Mercantile Exchange. He later moved upstairs and worked as a commodities broker on both the retail and hedging side. He left the brokerage industry to begin his trading career as a proprietary equities trader at a Chicago firm. In 2000, Tony moved backed to his hometown and continued trading his personal account. He later went on to earn his Chartered Market Technician designation. He earned a B.S. in Finance from Miami University. Tony’s main focus is short-term directional option trading.

    http://www.schaeffersresearch.com/

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