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Yellow Roadway - YELL - close: 51.77 chg: -0.85 stop: 55.01

Company Description:
Yellow Roadway Corporation, a Fortune 500 company, is one of the largest transportation service providers in the world. Through its brands including Yellow Transportation, Roadway Express, Reimer Express, USF, New Penn Motor Express and Meridian IQ, Yellow Roadway provides a wide range of asset and non-asset-based transportation services. The portfolio of brands represents a comprehensive array of services for the shipment of industrial, commercial and retail goods domestically and internationally. Headquartered in Overland Park, Kansas, Yellow Roadway Corporation employs approximately 70,000 people. (source: company press release or website)

Why We Like It:
Crude oil hit another new high today with the December 2005 oil contract trading over $66 a barrel. This meteoric rise in oil is starting to unnerve investors in the transportation sector. Companies in that group suffer due to rising fuel costs. Perusing the transports we noticed that trucking company YELL's stock has produced a head-and-shoulders pattern. Today's 1.6% decline broke technical support at its 50-dma while also breaking the neckline. The H&S pattern points toward support near the $48.00 level so our target will be $48.50-48.00.

Picked on August 08 at $51.77
Change since picked: + 0.00
Earnings Date 07/28/05 (confirmed)
Average Daily Volume: 1.4 million
 

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