Old Dominion Freight Line (ODFL) Shares are Up 2.52%

Old Dominion Freight Line (ODFL) : Traders are bullish on Old Dominion Freight Line (ODFL) as it has outperformed the S&P 500 by a wide margin of 0.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.52% in the last 1 week, and is up 0.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.27% and the 50-Day Moving Average is 6.62%.The 200 Day SMA reached 11.45%. Old Dominion Freight Line Inc. is up 12.7% in the last 3-month period. Year-to-Date the stock performance stands at 20.03%.


Old Dominion Freight Line (NASDAQ:ODFL): The stock opened in the green at $71.07 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $71.55 and a low of $69.95 for the day. The stock did not find buyers even at the lows and closed at $70.9 recording a loss of -0.23%. 574,410 shares exchanged hands during the trading day. The stock had closed at $71.06 in the previous days trading.

Old Dominion Freight Line, Inc. (Old Dominion) is a less-than-truckload (LTL) motor carrier providing regional, inter-regional and national LTL service and logistics services. In addition to its LTL services, it offers a range of services including international freight forwarding, ground and air expedited transportation, container delivery, truckload brokerage, supply chain consulting, warehousing and consumer household pickup and delivery. Its infrastructure allows it to provide next-day and second-day service within each of its six regions covering the continental United States, as well as inter-regional and national service between these regions. As of December 31, 2014, it operated through 222 service center locations, of which it owned 176 and leased 46. As of December 31, 2014, it owned 6,907 tractors. As of December 31, 2014, it owned 27,259 trailers.

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