Old Dominion is a jewel of a company, and is very well run. I feel confident targeting $190/share if we get a nice bullish confirmation candle.
21.47B Market Cap
Income 615.4M
Sales 4. 11B
Div% 0.33%
P/E 35.19
Forward P/E 31.24
P/ FCF 46.5
Quick Ratio 1.90
EPS this Y 3.7%
EPS Next Y 21.97%
Sales Q/Q -0.3%
EPS Q/Q 1.5%
ROA +15.8%
ROI +19.5%
Profit Margin +15%
Short Float 2.47%
I’ve published the very same pattern back in December 2018 when the previous Bear Market was at its lows and while everyone was panicking, called for a potential Bottom on Bitcoin and a Bull Run to follow.
Why? Simply because of the Litecoin break-out relative to BTC . As you see on this very simple chart, every time the LTCBTC pair breaks its Lower Highs trend-line (blue line), Bitcoin initiates a new Bull Run. Out of the past 4 occurences, only once failed to delivered a new BTC bull run, and rightly so as it happened at the top of Bitcoin’s Bull Cycle (whoever bought near 20k was responsible for their actions).