damdaman

JBHT approaching resistance, looking for reversal signal

NASDAQ:JBHT   HUNT J B TRANS SVCS INC
50 2 0
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.
damdaman
2 years ago
Reversed as expected. I shorted at 73.95, target is support level around 70.
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damdaman
2 years ago
Exited at 71.90 to avoid earnings volatility.
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