OLD DOMINION FREIGHT LINE
(ODFL-Nasdaq):
Technical Viewpoint: From a low
of $20.67 on Oct 20, 2005 prices
rallied, reaching a
high of $26.67
on Nov 14, 2005. A
decline saw prices pull back, reaching a
low of
$23.73 on Dec 8, 2005.
Another rally saw prices penetrate
resistance, closing 12/23/05
at $27.83. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 9, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $24.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Jul 6, 2005. A P&F upside
reversal takes place at $25.00. Summary: Technical indicators have turned bullish. BUY! OLD DOMINION FREIGHT LINE
(ODFL-Nasdaq) @ $28.25 Stop: Use a protective stop of $26.25.
OLD DOMINION FREIGHT LINE is currently trading @ $27.83 plus $1.08 on Dec 23, 2005. Price Objective:
$35.00. Risk/Reward: $2.00 VS. $9.25. Today's Risk Reward Ratio: 4:1
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