One little talked-about transports stock could be about to break out (via TradingNation)
Old Dominion Freight Line has fallen just over 1% this month, far better than the 7% decline in the rest of the road and rail stocks.
"Transports broke down last October 23rd, industrials subsequently broke down December 14. If you use Dow Theory exclusively, you've been cautious on the market since then," Wald said. "It really highlights what's been a market of haves and have-nots. We looked back and found that transports also underperform during very big, strong, technology-led runups in the 1950s, 1960s, and 1990s. So, I think that's the environment we're in.", managing director at BK asset management, says transports are looking cheap, but he agrees caution is the best way to approach the group.
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