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Forward Air Shares Up 16.5% Since SmarTrend's Buy Recommendation (FWRD)
Jan 24, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for Forward Air (NASDAQ:FWRD) on October 24th, 2012 at $32.73. In approximately 3 months, Forward Air has returned 16.55% as of today's recent price of $38.14.
Forward Air share prices have moved between a 52-week high of $38.61 and a 52-week low of $29.65 and are now trading 29% above that low price at $38.14 per share. The 200-day and 50-day moving averages have moved 0.04% higher and 0.65% higher over the past week, respectively.
Forward Air Corporation provides transportation services to air freight forwarders, air cargo carriers, and domestic and international airlines. The Company also operates a truckload business that is an irregular route, high service-level carrier that transports a wide range of commodities in both interstate and intrastate commerce.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Forward Air shares.Log in and add Forward Air (FWRD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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