Old Dominion Freight Line (ODFL) : Traders are bullish on Old Dominion Freight Line (ODFL) as it has outperformed the S&P 500 by a margin of 7.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.6%, 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 3.23% in the last 1 week, and is up 14.43% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Old Dominion Freight Line (NASDAQ:ODFL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $64.99 and $64.99 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $67.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $67.34, notching a gain of 3.81% for the day. The total traded volume was 771,103 . The stock had closed at $64.87 on the previous day.
The stock has recorded a 20-day Moving Average of 8.74% and the 50-Day Moving Average is 8.68%. Old Dominion Freight Line Inc. has dropped 2.39% during the last 3-month period . Year-to-Date the stock performance stands at 14%.
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.