Truckers Getting Hit by the Rails

Stock prices of everything with wheels on it, Trains, Trucks, Tractors, shippers, you name it, have been on fire lately. But over the last two days that rally has been de-railed by earnings reports from the Railroads. Several of the truckers are reporting this week but there are still some you can safely play without worrying about earnings surprises. Here are 3:

Con-Way Inc, $CNW

Con-Way Inc, $CNW, broke out over resistance last Thursday and drove over the 200 day Simple Moving Average Friday only to get knocked back like the video above on Monday. It remains over support at 30.48 with 29 below that. It also has a Relative Strength Index (RSI) that is better to the upside and a Moving Average Convergence Divergence (MACD) that is positive and growing. Both support more upside. Today’s move brings it back within the Bollinger bands. This may be your opportunity to get in the cab and drive it off against a stop at 30. It reports earnings February 2nd.

Landstar Systems, $LSTR

Landstar Systems, $LSTR, pulled back to support at the July high, within the rising wedge but came back strong intraday. The RSI remains bullish with a MACD that is also positive, both supporting further upside. Use that 49 support to trade against and ride the wedge higher this price higher. This also reports on Groundhog Day.

Heartland Express, $HTLD

Heartland Express, $HTLD, posted a small body candle w2ith long upper and lower shadows, signaling indecision. looking into the intraday details shows a move higher at the open quickly reversed to the low of the day before recovering. It also held the support of the break higher over 14.50. A bullish consolidation at resistance from September and October peaks. The RSI remains bullish with a MACD that is positive and increasing. Both will support more upside. A move over 14.75 can continue higher and the Bollinger bands are opening a path for it to drive higher. And they have already reported.

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The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

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