JBHT approaching resistance, looking for reversal signal

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT)

NASDAQ:JBHT J.B. Hunt Transport Services, Inc.

200ma has been a key area of support-turned-resistance as JBHT now looks to be in a downtrend. Recent rally showing declining volume has approached this level, and %R showing overbought. Looking for a reversal candle in the next couple of sessions to short.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.