With Transports going out to all time highs ODFL ran across my screen
Todays close presents us with a great risk reward oppurtunity.
Thesis is for monthly timeframe to catch 70 RSI level support here and remain in an out right bullish trend.
ODFL is a good trending stock, but volume is fairly thin. This can affect liquidly when entering and exiting trades.
The weekly uptrend has been long and linear - the pullbacks have become a little deeper but are more than acceptable on this timeframe.
On the daily chart, however, the pullbacks have caused a bit more of a concern. During early 2014 there were...