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Old Dominion Frt Set to Possibly Rebound After Yesterday's Selloff of 1.10%

Feb 09, 2018 (SmarTrend(R) News Watch via COMTEX) --

Old Dominion Frt (NASDAQ:ODFL) traded in a range yesterday that spanned from a low of $129.42 to a high of $134.94. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $131.48 on volume of 305,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Old Dominion Frt share prices have moved between a 52-week high of $150.31 and a 52-week low of $56.74 and are now trading 130% above that low price at $130.27 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Old Dominion Frt. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Old Dominion Frt in search of a potential trend change.

Write to Chip Brian at cbrian@mysmartrend.com

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