Long Position on USAK @ $22.00 on 2/2/2018 (Momentum)

USA Truck, Inc. (USAK) provides general commodities transportation services in the United States, Mexico, and Canada.

It operates through two segments, Trucking and USAT Logistics.

The Trucking segment offers truckload services as a medium- to long-haul common carrier; and dedicated freight services.

The USAT Logistics segment provides freight brokerage and rail intermodal services.

As of December 31, 2016, the company's fleet consisted of 1,701 tractors, which included 286 independent contractor tractors; and 5,605 trailers.

Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock. The formation is supported by the stock's 50-day moving average.

Entry Point: $22.00

52-Weeks Trading Range: $5.73 - $21.98

Stop Loss: $20.90

Target Price: $24.20

Updates

2/2/2018 1:27:57 PM

USAK closed at $25.11

Position closed on 2/2/2018 at price of $25.11 with a 14.14% gain in 0 days.

Back to Portfolio