FedEx Rallies with 4 Transportation Stocks Mid Day: FDX, NSC, CSX, EXPD, LUV

Through early trading, these stocks are helping the Transportation (NYSE:IYT) sector. Long time Wall St. Cheat Sheet readers know to watch stock prices because Technicals on the Stock Chart are Strong’ is one of the ‘T’s in our CHEAT SHEET investing framework.

FedEx Corporation (NYSE:FDX) is one of the top price gainers. Its stock price is $67.81, which is $1.23 (+1.9%) above the previous close of $66.58. FedEx Corporation provides various transportation, e-commerce and business services.

Stock Price Performance: From June 27, 2011, to September 21, 2011, the stock price had fallen $20.19 (-21.8%) from $92.69 to $72.50. The stock price saw one of its best stretches over the last year between June 16, 2011 and June 23, 2011 when shares rose for six straight trading days, rising 7.5% (+$6.47). It saw one of its worst periods between July 21, 2011 and August 2, 2011 when shares fell for nine straight trading days, falling 9.3% (-$8.62).

Shares of Norfolk Southern Corporation (NYSE:NSC) are trading at $60.98, up 55 cents (+0.9%) from the previous close of $60.44. Norfolk Southern Corp. is engaged in rail transportation of raw materials, intermediate products, and finished goods.

Stock Price Performance: From July 27, 2011, to September 22, 2011, the stock price had fallen $15.23 (-20.1%) from $75.67 to $60.44. The stock price saw one of its best stretches over the last year between February 3, 2011 and February 17, 2011 when shares rose for 11 straight trading days, rising 7.2% (+$4.32). It saw one of its worst periods between July 28, 2011 and August 4, 2011 when shares fell for six straight trading days, falling 9.5% (-$7.20).

CSX Corporation (NYSE:CSX) is one of the top price gainers. Its stock price is $18.97, which is 36 cents (+1.9%) above the previous close of $18.61. CSX Corporation provides rail-based transportation services including traditional rail service and the transport of intermodal containers and trailers.

Stock Price Performance: From June 28, 2011, to September 22, 2011, the stock price had fallen $6.76 (-26.6%) from $25.37 to $18.61. The stock price saw one of its best stretches over the last year between December 23, 2010 and January 3, 2011 when shares rose for seven straight trading days, rising 3.1% (+65 cents). It saw one of its worst periods between September 24, 2010 and October 4, 2010 when shares fell for seven straight trading days, falling 3% (-56 cents).

Shares of Expeditors International of Washington, Inc. (NASDAQ:EXPD) are trading at $40.64, up 73 cents (+1.8%) from the previous close of $39.91. Expeditors International of Washington Inc. offers global logistics services through an international network supporting the movement and strategic positioning of goods.

Stock Price Performance: From June 28, 2011, to September 22, 2011, the stock price had fallen $10.71 (-21.2%) from $50.62 to $39.91. The stock price saw one of its best stretches over the last year between March 22, 2011 and April 1, 2011 when shares rose for nine straight trading days, rising 7.9% (+$3.69). It saw one of its worst periods between July 7, 2011 and July 18, 2011 when shares fell for eight straight trading days, falling 7.8% (-$4.11).

Southwest Airlines Co. (NYSE:LUV) is one of the top price gainers. Its stock price is $8.21, which is 18 cents (+2.2%) above the previous close of $8.03. Southwest Airlines is a passenger airline that provides air transportation in the United States.

Stock Price Performance: From June 28, 2011, to September 22, 2011, the stock price had fallen $3.39 (-29.7%) from $11.42 to $8.03. The stock price saw one of its best stretches over the last year between February 2, 2011 and February 11, 2011 when shares rose for eight straight trading days, rising 7.1% (+82 cents). It saw one of its worst periods between July 19, 2011 and July 28, 2011 when shares fell for eight straight trading days, falling 7.5% (-79 cents).

 

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