The best way to avoid value traps is to take a look at the recent results and estimate revisions.

An improving U.S. economy, substantial surge in manufactured and retail goods, and a sharp rebound in a number of end markets are expected to fuel growth of the transportation sector.

For a bona fide breakout, a stock’s earlier resistance barrier should become its new support level. This only happens if the trading channel that has been established is tested by observing long-term price trends.

The Chart of the Day belongs to PAM Transportation Services(NASDAQ:PSTI). I found the stock by sorting today's All Time High listfor new high frequency in the last month then used the Flipchart feature to review the charts.