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Trade Alert - C. H. Robinson at New Highs

Published on Friday, 06 August 2010 11:35 Written by TradersHuddle Staff

chrw New York, August 6th (TradersHuddle.com) - Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) booked a new 52 week high today by trading above $67.53, traders are definitely monitoring C. H. Robinson's price action to see if this move attracts further buying into the stock.

C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) provides multimodal transportation services and logistics solutions. The Company provides a variety of logistics services, such as fresh produce sourcing and freight consolidation.

C. H. Robinson is currently trading -1.05% versus its previous trading session close, and it has calculated support and resistance at $54.50 and $65.45 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -1.32% from its previous trading close, which means that C. H. Robinson stock is outperforming the overall market.

C.H. Robinson Worldwide Down 7% on Lower Than Expected Earnings - Benzinga
Deutsche Bank Tweaks C.H. Robinson's Estimates Following Bad Quarter - Benzinga
CH Robinson Worldwide Stock To Go Ex-dividend Tomorrow (CHRW) - TheStreet.com
CH Robinson Worldwide Inc. (CHRW): Today's Featured Transportation Winner - TheStreet.com
Gloomy Goldman Sachs Is Bullish on These 10 Stocks - TheStreet.com
CH Robinson Worldwide Inc. (CHRW): Today's Featured Transportation Loser - TheStreet.com

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