Old Dominion Freight (ODFL) ($40.15 vs. $37.53 on March 18): Beat EPS estimates by six cents on April 25 earning 47 cents a share. The stock set a multi-year high at $40.34 on May 7 and has been above its 200-day SMA at $33.64 year to date, which reflects the risk of reversion to the mean. The weekly chart profile is positive but overbought with the five-week MMA at $38.18. My quarterly value level is $37.20 with a weekly pivot at $39.75 and monthly risky level at $41.24 for this sell rated trucker.
Union Pacific (UNP) ($153.72 vs. $141.69 on March 18): Beat EPS estimates by seven cents on April 18 earning $2.03. The stock set a multi-year high at $154.00 on May 7 and has been downgraded to sell from hold. The stock has been above its 200-day SMA at $129.20 year to date, which reflects the risk of reversion to the mean. The weekly chart profile is positive but overbought with the five-week MMA at $145.23. My monthly value level is $144.59 with a weekly pivot at $149.14 but no risky levels.
United Parcel Service (UPS) ($88.66 vs. $85.47 on March 18): Beat EPS estimates by three cents on April 25 earning $1.04. The stock set a multi-year high at $88.95 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 $85.21. My monthly value level is $84.23 with a weekly pivot at $85.49 with no risky levels.
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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