Old Dominion Freight Line (ODFL) Shares are Up 2.4%

Old Dominion Freight Line (ODFL) has been under a strong bear grip, hence the stock is down -2.71% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.23% in the past 1 week. The stock has risen by 2.4% in the past week indicating that the buyers are active at lower levels, but the stock is down -3.23% in the past 4 weeks.

The stock has recorded a 20-day Moving Average of 0.16% and the 50-Day Moving Average is 0.57%.The 200 Day SMA reached 6.95%


Old Dominion Freight Line (NASDAQ:ODFL): After opening at $67.77, the stock dipped to an intraday low of $67.6 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $68.97 and the buying power remained strong till the end. The stock closed at $68.61 for the day, a gain of 1.92% for the day session. The total traded volume was 676,984. The stocks close on the previous trading day was $68.61.

Old Dominion Freight Line (ODFL) has been rated by 8 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $75 and the lowest price target forecast is $60. The average forecast of all the analysts is $69.75 and the expected standard deviation is $5.12.

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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