Old Dominion Freight Lines should have a $190 price target

Old Dominion is a jewel of a company, and is very well run. I feel confident targeting $190/share if we get a nice bullish confirmation candle.

21.47B Market Cap
Income 615.4M
Sales 4. 11B
Div% 0.33%
P/E 35.19
Forward P/E 31.24
P/ FCF 46.5
Quick Ratio 1.90
EPS this Y 3.7%
EPS Next Y 21.97%
Sales Q/Q -0.3%
EPS Q/Q 1.5%
ROA +15.8%
ROI +19.5%
Profit Margin +15%
Short Float 2.47%


Wicked idea. Now would be the time to buy in.
+5 Reply
ZenMode NMKmoney2020
@NMKmoney2020, Good luck and I hope you make a fortune! :)
I'd agree. It is well within its normal trading range. RSI looks like it might regain some of its momentum. Need to see how it trades over the next couple of days, but a 16% trailing stop would keep you in with little volatility.

You could go as low as 11% if you are wanting to trade it more aggressively now it is through the March Corona craziness.

+1 Reply
ZenMode AngusMcK
@AngusMcK, thanks for sharing!
+1 Reply
Seems a lot like buying the current top to me
ZenMode C2222222222
@C2222222222, the reality is that within this trade setup we are indeed buying nearing the top. That is why the fundamental analysis is so important with this setup.
how do you feel on that price target now?
ZenMode Dougs1125
@Dougs1125, I am sticking to my analysis. I try to not let feelings usurp logic and analysis. Thanks for commenting, but yes the target stands.
Dougs1125 ZenMode
@ZenMode, awesome! Thanks for replying i appreciate it! new follower
+1 Reply
ZenMode Dougs1125
@Dougs1125, You got it brother! Good luck trading.
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