Trade Alert - C. H. Robinson at New Lows

Published on Wednesday, 25 July 2012 12:34 Written by TradersHuddle Wire

New York, July 25th (TradersHuddle.com) - Shares of C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) booked a new 52 week low by trading below $55.35. Traders are definitely monitoring C. H. Robinson's price action to see if this move attracts further selling, or if this last push down sets a tradable bottom in 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 -9.19% versus its previous trading session close, and it has calculated support and resistance at $55.50 and $61.97 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 -0.22% from its previous trading close, which means that C. H. Robinson stock is underperforming the overall market.