Bull’s Eye Report: Swift Transportation (SWFT)

SWFT has run up a bit, but additional upside potential is still there

   

At StateoftheMarkets.com, we strive to “own the best and ignore the rest” in our equity portfolios. Toward this end, each day we search our database for a “top stock” (a top rated company in terms of earnings strength as well as company and industry performance) that presents a strong technical “set up” and a good entry point.

In short, when our equity team is looking to add a stock to one of our portfolios, the “bull’s eye” stock shown below is generally their first choice.

Company Symbol Industry Stock Rating YTD% Gain S.T. Stop Loss
Swift Transportation Co SWFT Trucking 9.2 +83.05% $16.08

Why We Like The Stock:

Swift Transportation (SWFT) is our most compelling buy today due to the fact that it is a top rated stock (in terms of earnings strength and company/industry performance) with a positive technical set-up. We featured Avis Budget Group  (CAR) yesterday, and SWFT is a very similar stock. Trucking stocks have been solid this year, and SWFT has outperformed competitors like Old Dominion Freight Lines (ODFL), AMERCO (UHAL), and Ryder System (R), posting an +83.05% gain since the beginning of the year. However, just because SWFT has already run some doesn’t mean that this stock isn’t an attractive buy. SWFT has a great technical setup, and just crossed above its 5- and 10-day moving averages this morning. The stock traded close to $18 on June 10, so there is still some room before resistance for a short-term gain. We also like that SWFT crossed above its 50-day moving average a couple weeks ago and remains operating well above it. We would be buyers of this Trucking stock at current prices for a run back to $18.

We Would Be Buyers:

At the current price (~$16.99).

Company Profile:

Swift Transportation Company is a transportation services company and a truckload carrier in North America. The company operates in three segments: Truckload, Dedicated and Intermodal. In the company’s trucking operations, it principally operates in short-to-medium-haul traffic lanes around its terminals or dedicated customer locations.

Stock Rating: 9.2

The Stock Rating indicates the combined score of our proprietary Earning Strength and Company Performance models. The rating scale is 0 – 10 with 10 being the highest.

Swift Transportation – Last Three Months

swft 1 Bulls Eye Report: Swift Transportation (SWFT)

Swift Transportation – Last 12 Months

swft 2 Bulls Eye Report: Swift Transportation (SWFT)

Swift Transportation – Last Five Years

swft 3 Bulls Eye Report: Swift Transportation (SWFT)

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At the time of publication the editor and affiliated companies own the following positions: None

Note: Positions may be bought or sold while this publication is in circulation without notice.


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