Make Landstar the new star of your portfolio

• Posted by Greg Harmon
• on July 13th, 2015

Landstar System ($LSTR) just might have been the forerunner of Uber, but for the trucking industry. Owner operators pick their own loads and routes from the Landstar agents. Sounds familiar huh? The stock of the company then looks a bit like a trucking company and a bit like a delivery company.

The chart above says who cares if it is a trucking or delivery company, it is ready to go up. Monday the price broke above the recent consolidation zone and resistance at 68. That was grounds for aggressive traders to take action. A break of a Cup and handle Pattern and with a target to 74. If you use your imagination you can see a bigger Cup develops at that point.

The price ended the day at the 200 day SMA and the resistance area from March at 69. A more conservative trade can look for a break over both against a stop at 68 for a move higher. The momentum indicators are supportive of continuation higher. The RSI is rising and bullish while the MACD is about to cross up.

Get my ebook, Markets for 2015 and Beyond, a long term forecast with all proceeds going to charity.

Want to learn more about Dragonfly Capital Views?
Dragonfly Capital Views Performance Through June 2015 Expiry and sign up here

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

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.

blog comments powered by Disqus