Echo Global Logistics (ECHO) : The total negative money flow of $3.36 million on Thursday indicates selling on strength. The inflow of money on upticks was $0.82 million, compared to $4.18 million outflow on downticks, which confirms distribution in the stock. The up to down ratio was 0.2. The negative money flow of $3.38 million in block trades reveals that the informed traders sold the stock on every bit of price strength.The transaction value of block trade on downtick was $3.38 million. The price action in the Echo Global Logistics (ECHO) stock suggests that both the bulls and the bears were in equilibrium. The stock traded at $22.11 with a gain of $0.44 , a change of 2.03% over the previous days close. The stock registered -1.73% for the week.
Echo Global Logistics (ECHO) : The highest short term price target forecast on Echo Global Logistics (ECHO) is $43 and the lowest target price is $28. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $32.14 with a standard deviation of $5.15. The stock has recorded a 20-day Moving Average of 1.17% and the 50-Day Moving Average is 2.92%.
Echo Global Logistics (NASDAQ:ECHO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.71 and $21.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.36. The buying momentum continued till the end and the stock did not give up its gains. It closed at $22.11, notching a gain of 2.03% for the day. The total traded volume was 325,165 . The stock had closed at $21.67 on the previous day.
Echo Global Logistics, Inc. is a provider of technology-enabled transportation and supply chain management services, delivered on a technology platform serving the transportation and logistics needs of its clients. The Company provides services across major transportation modes, including truckload (TL), less-than-truckload (LTL), small parcel, intermodal, domestic air, and international. The Companys core logistics services include rate negotiation, shipment execution and tracking, carrier selection and management, routing compliance, freight bill audit, and payment and performance management and reporting functions, including executive dashboard tools. It procures transportation and provides logistics services for clients across industries, such as manufacturing, construction, consumer products and retail.