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Friday, March 23, 2012

Transportation Stocks Fall Through The Floor (UACL) (VTNC) (PTSI) (MRTN) (PAC)

Universal Truckload (NASDAQ: UACL): fell by 7.41% or $-1.14/share to $14.25. In the past year, the shares have traded as low as $11.14 and as high as $19.08. On average, 21993 shares of UACL exchange hands on a given day and today's volume is recorded at 21002. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $15.42 area where the stock may encounter resistance.

Vitran Corp., Inc. (USA) (NASDAQ: VTNC): fell by 3.20% or $-0.2594/share to $7.84. In the past year, the shares have traded as low as $3.66 and as high as $16.00. On average, 53969 shares of VTNC exchange hands on a given day and today's volume is recorded at 53700. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $7.93 represents resistance and the 200-day moving average of $6.01 would be an area of support.

P.A.M. Transportation (NASDAQ: PTSI): fell by 2.52% or $-0.3/share to $11.60. In the past year, the shares have traded as low as $9.03 and as high as $13.14. On average, 4635 shares of PTSI exchange hands on a given day and today's volume is recorded at 5174. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $11.10 area where the stock will likely see buying pressure.

Marten Transport, Ltd (NASDAQ: MRTN): fell by 1.75% or $-0.39/share to $21.94. In the past year, the shares have traded as low as $15.90 and as high as $23.32. On average, 62626 shares of MRTN exchange hands on a given day and today's volume is recorded at 21104. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $21.81 area where the stock will likely see buying pressure.

Grupo Aeroportuario del (NYSE: PAC): fell by 1.62% or $-0.625/share to $37.92. In the past year, the shares have traded as low as $31.53 and as high as $43.55. On average, 37216 shares of PAC exchange hands on a given day and today's volume is recorded at 14875. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $37.98 represents resistance and the 200-day moving average of $35.66 would be an area of support.