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Heartland 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 "flag" after the firm reported a strong quarterly report. Operating revenues came in at $226.8 million, net income of $26.5 million, and $0.30 earnings per share. Estimates had called for 25 cents. Higher share prices are expected for this stock.
52-Week Trading Range: $13.74 - $24.23
Entry Point: $22.90
Stop Loss: $21.75
Target Price: $25.20
We are closing HTLD at $23.47 after its 30-days expired without reaching our target price. We do believe share are still heading higher!
