ODFL offering another great entry before the next leg higher!
* Great earnings
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* I last mentioned ODFL when it was about to break out from $304.22 and it has since then moved higher.
* Even as the industrial sector was hit hard in the past week ODFL managed to consolidate maintaining its volume.
* This indicates that institutions are very interested in this stock.
* If the market is rebounding now, we can expect ODFL to continue higher.
Trade Idea:
* Now's a great time to enter as it's bouncing off of support but hasn't moved too far up.
* If you're looking for a slight discount you may look for an entry near the $349.21 area.
* Very strong up trend
* High 3-month relative strength in the Industrial sector
* I last mentioned ODFL when it was about to break out from $304.22 and it has since then moved higher.
* Even as the industrial sector was hit hard in the past week ODFL managed to consolidate maintaining its volume.
* This indicates that institutions are very interested in this stock.
* If the market is rebounding now, we can expect ODFL to continue higher.
Trade Idea:
* Now's a great time to enter as it's bouncing off of support but hasn't moved too far up.
* If you're looking for a slight discount you may look for an entry near the $349.21 area.
Entry: $364
Stop: $344
Target: $414