Covenant Logistics Group is down a bit on the day, funds flowing out kept the price down -1.38% since yesterday. It looks like CVLG could be hitting an upward sloping resistance line. Most traders won't try to short a stock when the line is upsloping.
But it may be a good time to take profit or wait for a better entry point for a long position. In terms of momentum, Covenant Logistics Group has had a nice run over the last few months. This could make it easy to break through resistance. Over the past 3 months, investors in the asset are up a nice 68.21 percent. We'll see if Covenant Logistics Group continues to perform.
If it breaks through the resistance level, we aren't seeing any clear resistance points beyond that. So it may have plenty of room to work up from there. If the price reverses and heads back down lower, it looks like the nearest support level is $24.63 it may head back up from there or break lower.
| Company | Score | 1 Day% | 5 Day | 1 Month | 3 Month | 6 Month | 1 Year | RSI | 3mo S-momo ? | 6mo S-momo | 1yr S-momo | Resistance ? | Support | Demark Sell ? | Demark Buy | Short Interest Score |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HUBG | HUB Group Inc | 0.83 | -0.75 | 1.69 | 17.81 | 27.98 | 4.56 | 35.30 | 70 | 12.06 | 11.63 | 11.63 | -804.37 | -15331.33 | 0 | 0 | 1.8239 |
| BLDR | Builders FirstSource, Inc | 0.73 | 1.20 | 5.52 | 18.60 | -6.99 | -24.77 | -29.51 | 61 | -111.81 | -54.77 | -81.20 | -51363.60 | -2401.29 | 0 | 0 | 3.22821 |
| JBHT | JB Hunt Transport Service | 0.69 | -1.18 | -0.33 | 9.08 | 37.99 | 41.61 | 96.38 | 56 | 162.95 | 131.31 | 110.30 | 0.00 | -28022.50 | 0 | 0 | 2.86885 |
| ETN | Eaton Corporation, plc Or | 0.66 | 0.16 | 8.59 | 9.63 | 13.33 | 22.36 | 20.62 | 45 | 31.99 | 26.01 | 30.74 | -867.56 | -11779.77 | 0 | 0 | 1.33268 |
| R | Ryder System, Inc. | 0.65 | -0.93 | 1.63 | 20.35 | 38.35 | 44.07 | 83.58 | 71 | 130.68 | 74.03 | 51.74 | 0.00 | -37773.15 | 150 | 0 | 3.09468 |
| ARCB | ArcBest Corporation | 0.63 | -2.62 | -3.25 | 34.63 | 73.64 | 107.02 | 130.72 | 66 | 159.86 | 97.20 | 50.29 | 0.00 | -23061.28 | 125 | 0 | 4.8027 |
| BLD | TopBuild Corp. Common Sto | 0.63 | 0.96 | 5.80 | 4.46 | 19.89 | -2.94 | 38.47 | 55 | -1.41 | -1.29 | -0.98 | -5174.16 | -2871.56 | 0 | 0 | 3.61868 |
How to use: use the research links to research the asset. Then simply type in a score for each category between (01, 02, 03, 04, 05). 05 being the most bullish and 01 being the most bearish. It will automatically calculate the average and combine it with the technical score to create an overall score to rank prospects by. You can also type notes into each field.
