Old Dominion Freight Line Advances On Better Than Expected Q2 Outlook, Boosts FY08 EPS Guidance

Wednesday, July 16, 2008; Posted: 04:19 PM

7 Stocks You Need To Know For Tomorrow -- Free Newsletter

(RTTNews) - Old Dominion Freight Line (ODFL | Quote | Chart | News | PowerRating) gapped open higher and continued to rise throughout most of Wednesday morning's trading, before paring its gains slightly around mid-day and moving sideways during most of the rest of the session. The climb came after the company issued its second quarter guidance above analysts' estimates and increased its 2008 fiscal year earnings forecast.

The stock broke resistance and surpassed its 50-day moving average. Shares finished at their highest level since July 2006, up $6.73 at $35.03.

For full details on Old Dominion Freight Lne (ODFL) click here. Old Dominion Freight Lne (ODFL) has Short Term PowerRatings of 6. Details on Old Dominion Freight Lne (ODFL) Short Term PowerRatings is available at This Link.

Morning Coffee with TradingMarkets -- Free Newsletter

More News: Market Updates | Stock Alerts | All Trading News | Stock Index

Archives

Feedback

Email Article Link

Close X

RELATED SITES

Please call 1-213-955-5858 ext. 1

All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.