Swift Transportation Company (SWFT) : Traders are bullish on Swift Transportation Company (SWFT) as it has outperformed the S&P 500 by a wide margin of 13.73% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.1%, 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 3.27% in the last 1 week, and is up 13.12% 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 4.09% and the 50-Day Moving Average is 9.68%.The 200 Day SMA reached 26.22%
Swift Transportation Company (NYSE:SWFT): After opening at $21.47, the stock dipped to an intraday low of $21.23 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $21.64 and the buying power remained strong till the end. The stock closed at $21.47 for the day, a gain of 0.61% for the day session. The total traded volume was 1,971,407. The stocks close on the previous trading day was $21.47.
Swift Transportation Company (SWFT) stock is expected to deviate a maximum of $4.38 from the average target price of $21.67 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $27 and the most muted being $13.
Swift Transportation Company (Swift Transportation Co.) is a multi-faceted transportation services company, operating the fleet of truckload equipment in North America from over 40 terminals near key freight centers and traffic lanes. The Company operates in four segments: Truckload, which consists of one way movements over irregular routes throughout the United States Mexico and Canada; Dedicated, through which, the Company devotes use of equipment to specific customers and offers tailored solutions under long-term contracts; Central Refrigerated, which represents the core operations of Central and primarily consists of shipments for customers that require temperature-controlled trailers, and Intermodal segment, which includes revenue generated by moving freight over the rail in the Companys containers and other trailing equipment, combined with revenue for drayage to transport loads between the railheads and customer locations.