LONG JBHT 041824I cant really make sense of price action related to historical enrings for this company, clearly I need to dig further ....
That being said, I like this opportunity as going long here based on the swing low.
Logistics will continue being errored by the transpiration powerhouse which is Amazon but these companies are continuously working on refining themselves. I am certain each of them are doing their best to gather and interpret analytics and in the next 5 years we will see an evolution via this effort in maximizing routes, stabilizing legs on various backhauls and deliveries across the board.
I want to take a long here with a small hedge to the downside just in case in the foreseeable 2-3 weeks.
Happy Trading,
