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Transports Shift Gears to a Market Leadership Role

CSX Corp (CSX) held my semiannual value level at $20.40 on June 4 and closed above my semiannual pivot at $22.31 Monday. My monthly risky level at $24.55 is an exit price for a "buy and trade" strategy.

FedEx Corp (FDX) held its 200-day simple moving average at $84.55 on June 5 and closed above its 50-day at $87.98 Monday. My quarterly value level is $78.18 with my monthly risky level at $107.52.

JB Hunt Transports (JBHT) is the only stock in the table above that is overvalued (by 16.9%), but this buy-rated stock hit another all-time high at $60.77 Monday. When you look at the stock's monthly chart you worry about a parabolic bubble, which is rare for a boring trucking stock. When you buy a stock with this kind of profile you should consider employing a "sell stop" to limit losses. There's a wide range between my quarterly value level at $78.18 and my monthly risky level at $65.95.

Kansas City Southern (KSU) held my annual value level at $61.62 on June 4 by setting a new year-to-date low at $61.36. The stock closed Monday above its 50-day simple moving average at $70.44. My quarterly risky level is $74.22, where "buy and trade" gains should be taken.

Norfolk Southern (NSC) closed Monday above both its 50-day and 200-day simple moving averages at $68.37 and $69.69, respectively, after setting a year-to-date low at $62.82 on June 4. My semiannual value level is $61.63 with a semiannual pivot at $68.74 and quarterly risky level at $74.14.

United Parcel Service (UPS) is the only strong buy (5-Engine Stock in the table above), as this stock is projected to gain 13.2% (a 5-Engine stock is projected to gain 12% or more) over the next year. This stock traded to a year-to-date low at $72.15 on June 5 and closed Monday above its 50-day simple moving average at $77.02. My annual value level is $67.19 with quarterly and annual pivots at $78.08 and $78.96, respectively, and a monthly risky level at $87.20.

To learn more about ValuEngine, go to www.ValuEngine.com and sign up.

I do not own any of the stocks shown in the table above and have no other conflicts.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.

Stock quotes in this article: UPS, NSC, KSU, JBHT, FDX 

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