Short Squeeze Candidates: C.H. Robinson Worldwide (CHRW)
Click to Enlarge Transportation stocks have been abuzz lately as the Dow Theory traders have gravitated to the transportation sector in search of leadership. C.H. Robinson Worldwide (CHRW) has benefited from the sector’s leadership, as the stock is returning over 14% year-to-date.
CHRW’s story goes beyond the technicals, though, as sentiment is decidedly negative with 77% of the analysts covering the stock as a “hold” or “sell.”
However, the company’s improving fundamental picture will help convert its bears to bulls, and we expect a short squeeze will push CHRW stock move toward our target of $68.