JB Hunt Transport Services (JBHT) ($59.20 vs. 53.12 on Aug. 28): Should have problems trading above its multi-year high at $61.18 set on June 19 with the 50-day and 200-day SMAs as supports at $58.51 and $55.89. The weekly chart has a negative divergence in momentum with the five-week MMA at $58.12. The stock remains buy rated, is 5.1% overvalued and has an elevated 12 month trailing P/E at 23.1. My semiannual value level is $49.82 with a monthly pivot at $58.77 and quarterly risky level at $61.42.
Norfolk Southern (NSC) ($62.55 vs. $73.37 on Aug. 28): Has lagged the sector setting a multi-year low at $56.05 on Nov. 16. The stock is now above its 50-day SMA at $61.52 but well below its 200-day SMA at $67.76. The weekly chart profile shifted to positive last week with the five-week MMA at $61.69 and the 200-week SMA at $59.86. The stock remains buy rated, is 9.3% undervalued and has a 12 month trailing P/E at 11.7. My semiannual value level is $58.29 with monthly risky level at $68.05.
Old Dominion Freight Line (ODFL) ($34.28): Traded to a multi-year high at $35.13 on Nov. 6. The stock is above its 50-day and 200-day SMAs at $32.73 and $30.57. The weekly chart profile shifted to positive last week with the five-week MMA at $33.02 and the 200-week SMA at $20.95. The stock has a buy rating, is 0.3% overvalued and has a slightly elevated 12 month trailing P/E at 17.2. My monthly value level is $29.61 with a weekly pivot at $35.06 and quarterly risky level at $35.68.
United Parcel Service (UPS) ($74.84 vs. 75.26 on Aug. 28): Set its 2012 low at $69.56 on Nov. 15 and the Dec. 19 high was a failed test of the 200-day SMA at $75.67. The 50-day SMA is a support at $72.86. The weekly chart profile has been positive with the five-week MMA at $73.10 and the 200-week SMA at $66.46. The stock has a buy rating down from strong buy on Aug. 28. The stock is 8.7% undervalued and has a slightly elevated 12 month trailing P/E At 16.4. My weekly value level is $72.75 with an annual risky level at $78.96.At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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