TFI International - All Time High

Summary

• 88% technical buy signals.
• 16 new highs and up 20.38% in the last month.
• 34.41% gain in the last year.

The Barchart Chart of the Day belongs to the international transportation company TFI International (TFII).  I found the stock by sorting Barchart's New All-Time High list first by the most frequent number of new highs in the last month, then used the Flipchart function to review the charts for consistent price appreciation.  Since the Trend Spotter signaled a buy in 6/24 the stock gained 29.97%.

TFI International Inc., together with its subsidiaries, provides transportation and logistics services in the United States, Canada, and Mexico. The company operates through Package and Courier, Less-Than-Truckload, Truckload, and Logistics segments. The Package and Courier segment engages in the pickup, transport, and delivery of items. The Less-Than-Truckload segment is involved in the pickup, consolidation, transportation, and delivery of smaller loads. The Truckload segment offers expedited transportation, flatbed, container, and dedicated services. This segment carries full loads directly from the customer to the destination using a closed van or specialized equipment to serve customer's specific needs. The Logistics segment provides asset-light logistics services, including brokerage, freight forwarding, transportation management, and small package parcel delivery. The company is also involved in the transportation and storage of food grade liquids, industrial chemicals, specialty oils, and waxes; transportation of dry and liquid bulk and offers other value-add services; provision of transportation services for explosives, mining and steel products, electronics, and household goods; and provision of contract hauling services for aggregate materials, wood by-products, agriculture/commodities, beets, dry bulk materials, railroad traction sand, and food grade product materials. In addition, it transports viscous materials and offers a patented solution for the storage, handling, and transportation of these materials for the food and industrial products industries; provides medical logistics, final mile, and brokerage services; and offers brokerage, direct trucking, and warehousing services. As of December 31, 2019, the company had 7,772 tractors, 25,505 trailers, and 9,826 independent contractors. The company was formerly known as TransForce Inc. and changed its name to TFI International Inc. in December 2016. The company is headquartered in Montreal, Canada.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

• 88% technical buy signals
• 59.16+ Weighted Alpha
• 34.41% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 16 new highs and up 20.38% in the last month
• Relative Strength Index 79.21%
• Technical support level at 39.91
• Recently traded at 40.23 with a 50 day moving average of 33.50

Fundamental factors:

• Market Cap $3.56 billion
• Dividend yield 1.87%
• Although this stock is traded on the NYSE since t is a Canadian company it is not followed by Wall Street
• 1,360 investors are monitoring the stock on Seeking Alpha