Forward Air Corporation (FWRD)

Forward Air Corporation is trading at $16.55, down 2.65% on the session. The 50 day average sits at $15.52 and the 200 day at $19.54, which puts the stock in a downtrend. RSI is at 49.4, which reads as neutral, and MACD is bearish crossover. Volume is below average.

The nearest support is around $13.72 with resistance near $19.99, so that band frames the current range. Average daily movement is roughly $0.94, or about 5.7% of the share price, which is what any stop placement has to allow for. The overall health score of 44 out of 100 combines a trend score of 50, momentum of 54 and a risk score of 22.

Forward Air Corporation, together with its subsidiaries, operates as an asset-light freight and logistics company in the United States, Mexico, Europe, Asia, and Canada. The company operates through three segments: Expedited Freight, Omni Logistics, and Intermodal. Its Expedited Freight segment provides expedited regional, inter-regional, and national less-than-truckload services; local pick-up and delivery services; and other services, which include shipment consolidation and deconsolidation, warehousing, customs brokerage, and other handling. This segment offers expedited truckload brokerage, dedicated fleet, and high security and temperature-controlled logistics services. The Omni Logistics segment offers full suite of global logistics services, such as air and ocean freight consolidation and forwarding, customs brokerage, warehousing and distribution, value-added services, time-definite transportation services, and other supply chain solutions. Its Intermodal segment provides intermodal container drayage services; and contract and container freight station warehouse and handling services. The company serves freight forwarders, third-party logistics companies, integrated air cargo carriers and passenger, passenger and cargo airlines, steamship lines, and retailers. Forward Air Corporation was incorporated in 1981 and is headquartered in Dallas, Texas.