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The Earnings Bar Is Hurdle for Transportation Stocks

Con-Way (CNW - Get Report) ($41.60 vs. $39.81 on June 19) set a new 52-week high at $41.87 on Tuesday. My monthly value level is $39.20 with a semiannual pivot at $41.77 and weekly risky level at $42.93.

CSX (CSX - Get Report) ($24.06 vs. $25.29 on June 19) is trading between its 200-day SMA at $22.44 and its 50-day SMA at $24.69. My quarterly value level is $17.41 with a weekly pivot at $23.41 and monthly risky level at $25.15.

FedEx (FDX - Get Report) ($103.15 vs. $99.48 on June 19) set its multi-year high at $109.66 on March 11 well before the transportation average peaked. My weekly value level is $96.78 with a semiannual pivot at $105.29 and annual risky level at $113.72.

JB Hunt Transport (JBHT - Get Report) ($76.29 vs. $72.70 on June 19) set its multi-year high at $77.20 on May 22, and this was nearly tested on Tuesday. My semiannual value level is $72.05 with a weekly pivot at $74.93 and monthly risky level at $79.03.

Norfolk Southern (NSC) ($74.39 vs. $77.03 on June 19) is trading between its 200-day SMA at $69.71 and its 50-day SMA at $76.36. My weekly value level is $71.71 with an annual pivot at $75.90 and semiannual risky level at $77.40.

Old Dominion Freight (ODFL) ($44.39 vs. $43.15 on June 19) set a new multi-year high at $44.63 on Tuesday. My semiannual value level is $40.38 with a monthly pivot at $42.86 and weekly risky level at $45.74.

Union Pacific (UNP) ($159.41 vs. $157.95 on June 19) set its multi-year high at $161.00 on May 22 with a secondary high at $160.27 on Tuesday. My semiannual value level is $149.48 with a monthly pivot at $159.33 and semiannual risky level at $167.94.

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SYM TRADE IT LAST %CHG
CNW $43.58 0.00%
CSX $37.12 0.00%
FDX $169.95 0.00%
JBHT $90.92 0.00%
UPS $98.10 0.00%

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