The Chart of the Day belongs to USA Truck (USAK). I found the trucking stock by using Barchart to sort today’s 52 Week New High list first by the highest Weighted Alpha, then by technical buy signals above 80%.I then used the Flipchart feature to review the charts for consistent price appreciation.Since the Trend Spotter signaled a buy on 11/1 the stock gained 48.09%.

USA Truck, Inc. is engaged in the transportation of general commodity freight in interstate and foreign commerce. They hold authority to transport and does transport freight between all points in the continental United States, other than intrastate, and between all points in the U.S., and the Canadian provinces of Ontario and Quebec.

Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 167.82+ Weighted Alpha
  • 100% technical buy signals
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving avergaes
  • 7 new highs and up 18.20% in the last month
  • Relative Strength index 79.08%
  • Technical support level at 20.75
  • Recently trade at 21.45 with a 50 day moving average of 17.68

    • Fundamental factors:

  • Market Cap $178 million
  • Revenue expected to grow 2.50% this year and an additional 10.80% next year
  • Earnings estimated to increase 217.30% next year and continue to compound at an annual rate of 27.60% for the next 5 years
  • Wall Street analysts issued 1 strong buy, 1 buy and 1 hold recommendation on the stock
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