Old Dominion Freight Line (ODFL) Shares are Up 2%

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 0.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.46%, relative to the S&P 500. The stock has risen by 2% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.8% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 0.74%.The 200 Day SMA reached 7.63% Old Dominion Freight Line Inc. is up 15.93% in the last 3-month period. Year-to-Date the stock performance stands at 16.32%.


Old Dominion Freight Line (ODFL) : The highest level Old Dominion Freight Line (ODFL) is projected to reach is $75 for the short term and the lowest estimate is at $60. The consolidated price target from 8 rating analysts who initiate coverage on the stock is $69.75 and the possibility the share price can swing is $5.12.

Company shares have received an average consensus rating of Hold for the current week Old Dominion Freight Line (NASDAQ:ODFL): stock was range-bound between the intraday low of $68.44 and the intraday high of $69.36 after having opened at $68.71 on Fridays session. The stock finally closed in the red at $68.71, a loss of -0.36%. The stock remained in the red for the whole trading day. The total traded volume was 996,843 shares. The stock failed to cross $69.36 in Fridays trading. The stocks closing price on Thursday was $68.71.

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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