Transportation
the chipest price!shark harmonic pattern:
B=0.38 A
C=2.6 B *invalid*
tp1=0.88 A=$12
tp2=1.6 C=1.13 A=$16
tp3=2.24 C=45$
Simple signal and example long positionRSI could cross the center line within the coming week and with the Ichimoku cloud having turned green on the first of march a bullish trend shift could be emerging. The only detriment to this projection is the height of the MACD . If it breaks off the signal and downturns the price could follow and return to bearish.
The long position on the chart is an example of a trade and not a recommendation or mandate.
~ This does not constitute as financial advice but is an idea and projection of future price movements without a recommended course of action ~
Price to Earnings at 6.2 I still love GPP Green Plains PartnersIn a crazy world of investing in stocks with PE around 1000, or even nonexistent dividends, I certainly love me a good ole gas transportation company with PE in single digits. I know, I know, green new deal yada yada. Well Keystone XL pipeline permit pulled could possibly mean more business for GPP. They have been recovering consistently since the covid crash, and recently issued convertible notes redeemable in the future between $23 and $30 signals confidence. In the worst case I'm looking for this to remain steadily boring with one of the best PE available.
I bought the IPO and have been receiving dividends every quarter since. I feel all alone on this beautiful mountain.
UPS Entry & Long Target - Trading StrategyUPS is a terrific company that provides a valuable service. Currently the P/E ratio is very high, and with current earnings it is tough to justify this in a portfolio as an aggressive strategy. With that said, as outlined within the chart - if price offers confirmation off S1 we will find a nice entry to target the top of the wedge following that.
Keep in mind this is a terrific investment looking out long term. As outlined in two publications, they have now sold the Freight Division for $800 million and will be concentrating efforts on the legacy parcel division which is the most profitable, undertaking a "better rather than bigger" strategy.
I wish nothing but the best for this incredible company and offer the following two sources for those interested in reading about the selling the LTL division to TFI International:
“We see compelling opportunities to improve yield, efficiency, and...productivity, both near and long-term,” TFI Chairman and Chief Executive Officer Alain Bédard said in a Monday call with analysts.
"The acquisition caps a dramatic period of growth for TFI that has seen the business buy dozens of companies. Many were small operators, but the deals also include the 2016 acquisition of XPO Logistics Inc.’s truckload division, and the purchases of trucker Vitran Corp. and of truckload carrier Transport America Inc. in 2014.
Mr. Bédard said the truckload business at UPS Freight, which makes up about 10% of the unit‘s revenue, will be blended into TFI’s existing truckload operations while the main LTL segment, including 147 terminals and 50 leased sites, will operate on its own."
blog.translogisticsinc.com
www.wsj.com
potential breakout in UBER NYSE:UBER Below average volume with the 50 day MA within range while it continues to develop under 54.19 high. Ideally, I want to see another small contraction or a few days of consolidation for a breakout through 54.19 high. Note: It is not outperforming the SPY as shown in the CRS but that is typical of a name that is developing a healthy base before a breakout unless the broad market is dropping and the ticker is holding up with strength.
LYFT over 50.79Consolidation box here looks ready for a move higher. Can benefit from economy reopening news.
Bullish w. NASDAQ? Dec down - Telecoms & Media; Rail frm mid NovFeeling market bullishness in Dec 2020 from the NASDAQ (IXIC index)?
December has been a bad month for the telecommunications stocks: T-Mobile TMUS, Verizon VZ and AT&T T - bad too for Media companies, Comcast CMCSA, Charter Communications CHTR, ViacomCBS VIAC, Fox FOXA.
And the big Railroad companies have been trending down since mid November: Norfolk Southern NSC, Union Pacific UNP, CSX Transportation CSX.
NFI bulls cant beat this formationI used to know the real terms for the MACD and RSI but from what I see the flag pole on the monthly time frame matches up with the undervalued RSI and the MACD s about to swing upwards (if that's how you say it) hopefully keeping momentum and breaking the resistance level at 19.55 price level.
I have my eyes on the $21 price level.
Minor pullback before heading higherFDX has had a remarkable run. With upward movement it may touch the top of the Bollinger band and then pull back to the EMA clouds / fib at 274.66. Whether before or after consolidation a fair short term price target is the fib extension above. However worth noting it is oversold and may need to consolidate.
DJCFD (DJ Transportation Average index).Macro BullishHi,
Some say that the DJCFD is a good indicator for the general stock market, eg SP500.
If DJCFD does well, the others will do well.
This past week, as per the weekly chart, we can see a solid bullish candle close above a main resistance.
Before its retests this resistance level, I am leaning towards it reaching to the upper part of this regression channel first.
OBSERVATIONS\THOUGHTS:
====================================================
> MACD shows convergence on the daily and the weekly chart.
> Using both the channel and the fib tool, the next target level has confluence with both of these elements.
> Chart below shows top resistance trend line with confluence to this target area.
> Hopefully this also gives the SP500 and BTC the spring it needs for the bull trend to continue, once again.
NOTE: DXY finished bearish last week, which gives extra weight to this thesis.
Please give me a like or tick for this post.
Regards,
S.SAri
NOTE the top resistance trend line has confluence on my target as well
Oversold, possible reversal and reentry of broadening formationVroom fell back on market weakness but is very oversold on the SlowStoch. Fib levels provided which have acted as support throughout its short trading history. While the fib marker in purple may provide strong entry, seeing this re-enter and base in the broadening formation would confirm h higher highs (or at least higher lows) are in store.
Transports: Consolidating during market downturnTechnical
20sma is being supportive, but it is recommended to keep your stops somewhat below the average.
A close below $190 would be a bearish warning.
The broad market has been taking a downturn over the past week. The Transportation industry has been consolidating, showing relative strength over the rest of the market.
Fundamental
While the white house cannot get it together to pass the fiscal stimulus, transportation could be a gainer as it is likely they will spend on Infrastructure.
Salta conmigo! / Jump with me!With more lockdowns this is our best scenario.
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Good luck!
Old Dominion Freight Lines should have a $190 price targetOld 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%
Boeing finally showing a trendTechnical analysis
Boeing showing support at the trend-line forming since the march lows.
A close below $152 is a break of the lower highs trend
Sentiment, technicals, and fundamental views for Boeing are weak. However:
risk-reward-ratio is very attractive
Still a global duopoly (Boeing and Airbus)
Heavy support from the government to help it succeed
FDX 176-80Looking for a breakout above 168. Alerts set. Only issue is the volume is super low. Clear skies to 176 after the 168 break. Aug 7 or later calls.
