ODFL Soars 7.47% to $186.13, Breaks Resistance, Eyes $190
$Old Dominion Freight Lines(ODFL)$
Old Dominion Freight Line(ODFL) Soared +7.47%: Volume Surge Breaks Resistance, Eyes $190
Latest Close Data
Closed at $186.13 (+7.47%) on Feb 2, 2026, now ~11.2% below its 52-week high of $209.61.
Core Market Drivers
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The stock surged on heavy volume, likely fueled by renewed investor confidence in the freight sector.
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Strong institutional holding and a consistent track record of high ROE (25.06%) continue to underpin the bullish sentiment.
Technical Analysis
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Volume ratio spiked to 2.22, confirming the breakout strength.
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RSI(6) jumped to 79.43, entering overbought territory, signaling strong short-term momentum.
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MACD histogram improved to -0.46, showing a potential bullish convergence as DIF starts to turn up from its lows.
Key Price Levels
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Primary Support: ~$173.21 (Previous resistance, now flipped support).
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Strong Resistance: ~$190.00 (Psychological level & next technical hurdle).
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Immediate Pivot: $186.13 (Today's close, key for continuation).
Valuation Perspective
Forward P/E of 34.09 sits above its historical average of 26.60, indicating a premium valuation. The P/S ratio of 6.98 reflects high growth expectations for this logistics leader.
Analyst Targets
22 analysts have an average price target of $166.09 (below current price). Sentiment is mixed: 3 Strong Buy, 7 Buy, 13 Hold, 2 Underperform, 1 Sell.
Weekly Outlook
Expect consolidation near $186-$190 after the sharp move. A sustained break above $190 could target the $196-$200 zone. A failure to hold $173 may signal a pullback towards the $159 support.
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