This Is One Way To Use Volume In Your Trading
J.B. Hunt
Transport Services (JBHT) closed just below its declining 50-day SMA
last Friday after pulling back from the June 1 low. As you can see, this
pullback is accompanied by light volume. We are looking for a short opportunity.
09:46:46 (from TradersWire) Our clock is
3 minutes fast. Â
|
Action |
Symbol |
Order Type |
Setup |
Stop |
 Target |
Current Price |
Posted By |
|
Sell |
JBHT | sell stop at 20.53 | at resistance (daily) | 20.64 | 20.40 | 20.58 |
TK |
Now let’s see the 3-minute chart from this
morning. JBHT hit its intraday high shortly after the open, but volume was not
convincing. Also notice the 5-period RSI was showing a negative divergence. I
placed a sell stop at 20.53.
09:53:56
Follow up on JBHT
It has hit our target. Cover half or all. Adjust your stop.
Â
If you have questions, feel free to
mail them to me.