Long Position on HTLD @ $22.30 on 3/21/2014 (Momentum)

Cup & Handle on HTLDHeartland Express (HTLD) operates as a short-to-medium-haul truckload carrier of general commodities in the United States and Canada.

The company provides regional dry van truckload services through its regional terminals; and transports freight for shippers using owned and leased equipment, and independent contractor tractors, as well as temperature-controlled truckload, dedicated truckload, and freight brokerage services.

It transports appliances, automotive parts, consumer products, paper products, packaged foodstuffs, and retail goods.

The company primarily serves retailers and manufacturers. Shares have formed a bullish "cup and handle" following the release of its quarterly results and declaration of its dividend. Higher share prices are expected for this stock.

52-Week Trading Range: $12.99 - $22.42

Entry Point: $22.30

Stop Loss:  $20.96

Target Price: $24.33

Updates

3/31/2014 12:10:28 PM

HTLD closed at $23.05 to protect our profits.

Position closed on 3/31/2014 at price of $23.05 with a 3.36% gain in 10 days.

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