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Record High Transports a Second Chance to Sell

CSX (CSX) ($25.33 vs. $24.02 on March 18): Beat EPS estimates by five cents on April 16 earning 45 cents a share. The stock set a new 52-week high at $25.33 on May 7 and has been downgraded to sell from hold. The weekly chart profile is positive but overbought with the five-week MMA at $24.24. My monthly value level is $21.87 with a weekly pivot at $25.61 and a semiannual risky level at $28.19.

FedEx (FDX) ($99.52 vs. $109.07 on March 18): Missed EPS estimates by 15 cents on March 20 earning $1.38. The stock stabilized around its 200-day SMA at $93.99 between April 17 and May 3, and closed just above its 50-day SMA at $99.15 on May 7 and today has been downgraded to sell from hold. The weekly chart profile shifts to neutral from negative on a close this week above the five-week MMA at $97.51. My weekly value level is $86.24 with a monthly risky level at $101.47 for this hold rated air freight company.

JB Hunt Transport (JBHT) ($73.04 vs. $74.00 on March 18): Missed EPS estimates by three cents on April 11 earning 61 cents a share. The stock has been above its 200-day SMA at $61.63 year to date, which reflects the risk of reversion to the mean. The weekly chart profile shifts to neutral from negative given a close above the five-week MMA at $71.39. My quarterly value level is $66.35 with a weekly risky level at $75.36 for this sell rated trucker.


Norfolk Southern (NSC) ($78.41 vs. $75.62 on March 18): Beat EPS estimates by five cents on April 23 earning $1.22. The stock set a multi-year high at $78.78 on May 3. The weekly chart profile is positive but overbought with the five-week MMA at $75.82. My semiannual value level is $74.99 with an annual pivot at $75.90 and annual risky level at $82.73 for this sell rated railroad.

Stock quotes in this article: CNW, CSX, FDX, JBHT, NSC, ODFL, UNP, UPS 

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