CHRW is at the start of a significant breakout
Based on the preceding analysis in CHRW, traders should determine that their account can handle increased risk from a new position. Also be sure that CHRW is not too correlated with your existing position. Lastly, excellent traders always check how a new addition relates to not just their overall account, but the prevailing market action as well. For example, check the S&P 500. Is it trending up or down recently? Has it recently exceeded key resistance or support levels? Be sure to align your trading actions on CHRW with the overall market so you are not swimming against the tide.
Currently the calculated sentiment levels, evaluated by Traders For Wealth, have shown an increasingly positive bias toward CHRW. Also, the price action in CHRW has been moving on up. This is a strong sign for a potential upside breakout. Traders should view this as a bullish trade and make sure it aligns with the overall market mood, and their current positions.
C.H. Robinson Worldwide (CHRW)
C.H. Robinson Worldwide, Inc. (C.H. Robinson) is a third-party logistics company. The Company provides freight transportation services and logistics solutions to companies of all sizes, in a variety of industries. C.H. Robinson has handled approximately 16.9 million shipments, and worked with over 110,000 active customers. It operates through a network of offices in North America, Europe, Asia and South America. The Company also has developed global transportation and distribution networks to provide transportation and supply chain services across the world. In addition to transportation, the Company provides sourcing services (Sourcing) through Robinson Fresh (Robinson Fresh). The Company’s network of contracted transportation providers includes contract motor carriers, railroads, air freight carriers and ocean carriers. The Company’s sourcing business involves the buying, selling and marketing of fresh fruits, vegetables and other perishable items.