Marten Transport|MRTN ๐ ๐-swingHello everyone ,๐๐พ
Here again Rom with a new trading idea,
I try to bring you trade ideas with countries with a positive trend.
I would appreciate a review and a like.
Thanks
Marten Transport
NASDAQ:MRTN
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico.
Company data
Market Cap 1.65B
Forward P/E 14.57
Income 105.20M
Sales 1.14B
Target Price 23.00
Trading idea
Enter to trade after $20.50
Stop-loss $19.38
Profit $21.99
โ ๏ธ__๐ง___๐ง___๐ง__๐ง___๐ง__๐ง_๐ง__๐ง__๐ง__๐ง__๐ง_๐ง__๐ง__๐ง_๐ง__๐ง_โ ๏ธ
There is no recommendation for buying or selling or any action in the stock, I am not an investment advisor and publish this article as a hobby only.
Everyone has to perform risk management on their own or contact an investment advisor with a license, I don't have one.
Investing in the stock market involves risking your money!โ๏ธ
have fun
MRTN trade ideas
$MRTN breaking out of a 20 month base but can it hold?* Exceptional earnings
* Very strong up trend on the monthly time frame
* Sector: Industrials - Trucking
* Relative Strength vs. Sector: 2.32
* Relative Strength vs. SP500: 1.44
* U/D Ratio: 1.08
* Base Depth: 30.17%
* Distance from breakout buy point: 0.43%
* Volume 38.37% above its 15 day average
* Breaking out of a ~20 month base with volume
Trade Idea:
* It seems a bit extended on the weekly time frame (Also on the daily) so you can look for opportunities around the $18.2 area as that should serve as short term support.
* You can also wait for buying opportunities around the $17.7 area.
MRTN - Price and volume breakoutMRTN share prices broke out in today's session with high volume and momentum. Share prices are currently trading at 21.50, heading towards its first target at 21.70. The next goal is estimated at around 22.00 and 22.35. Share prices need to remain above 20.75 to continue its run to the upside.