This is one of the strongest stocks in the entire market

Everything about this chart is bullish. [Justin Spittler's Trade of the Week] This is one of the strongest stocks in the entire market Pullbacks are a blessing in disguise.                           They reveal a ton about market conditions. They tell us which areas of the market are the strongest… and which to avoid. They also reveal market leaders. During corrections, the best stocks show their true colors. These are the ones that hold well or even rally when most stocks are falling. I mention this because the market just sold off. The S&P 500 has fallen 5% from its recent highs, while the Nasdaq 100 dropped nearly 9%. Many individual stocks got hit much harder. Some fell 20% or more. Now, it’s too early to know if the indices have bottomed. But the best stocks tend to bottom before the major indices give an “all clear” signal. That brings us to our new Trade of the Week: Old Dominion Freight Line (ODFL). Old Dominion is a $45 billion trucking company. It’s also one of the strongest stocks in the entire market. As you can see below, ODFL didn’t break down during the recent pullback. Instead, it pulled back into its rising 10-week moving average, where buyers stepped in. Everything about this chart is bullish… Source: StockCharts ODFL bottomed last summer, well ahead of the indices. From there, it went on to build out a “cup-and-handle” pattern… one of my favorite setups. It broke out of this pattern and has since been printing a bull flag. I expect ODFL to reemerge as a market leader… making right now a great time to get involved. Buy a starter position in ODFL today. I believe the stock can hit $550 within the next 12 to 18 months. Exit your position if ODFL closes below $382. That gives us a risk-reward ratio of 3:1 on this trade. Action to take: Buy ODFL at current market prices. Risk management: Exit your position if ODFL closes below $382. Justin Spittler  Chief Trader, RiskHedge If someone forwarded you this email and you would like to be added to our email list to receive Justin Spittler's Trade of the Week every week, [simply sign up here.]( This email was sent to {EMAIL} as part of your subscription to Justin Spittler's Trade of the Week. To opt-out, please visit the [unsubscribe page](. [READ IMPORTANT DISCLOSURES HERE.]( YOUR USE OF THESE MATERIALS IS SUBJECT TO THE TERMS OF THESE DISCLOSURES. Copyright 2023 RiskHedge. All Rights Reserved RiskHedge | 1417 Sadler Road, PMB 415 | Fernandina Beach, FL 32034