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Forward Air Corporation (FWRD) - Buy, Sell or Hold?

Sector: Transportation   Sub-Sector: Oil Refining/Marketing
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBearish EngulfingWed, 22 Nov 20171.11%
***Stock database and scans are updated around midnight (New York time) every trading day.
55.50 0.00 (0%) Nov 28 4:00pm EDT
Open: 55.10 Range: 54.94 - 56.20 Vol: 219.68K Avg Vol: 146.7K
EPS: 1.91 P/E ratio: 30.04 EBITDA: 144.42M Mkt Cap: 1.74B
Analyze "FWRD" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 55.02
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 55.78
Last Trade is below the 50 day moving average at 56.78
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 52.39
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of FWRD

Stock Trend Analysis - Buy, Sell or Hold "Forward Air Corporation" (FWRD)?

FWRD is in a very strong uptrend. In the last 52 weeks, FWRD has been trading above the 200 day moving average for 99% of the time with an average daily volume of 146.7K shares being traded. The 50 day moving average, currently at 56.78, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. FWRD was only able to maintain above the 20 SMA for 42.5% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in FWRD is near the 200 SMA currently at 52.39. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "FWRD".

The analyst consensus estimates for the 1 year price target for this stock is $56.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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