Truckers in Trouble

An ugly breakdown is playing out in the trucking sector today. The weakness was sparked by a disappointing third-quarter forecast from Werner Enterprises (WERN). A pair of downgrades from Bank of America and KeyBanc added to Werner's woes, resulting in a huge downside gap at the bell. WERN has recovered a bit from the early flush but remains more than 5% lower and looks heavily damaged.

A few of the names being dragged down in Werner's wake include Con-Way (CNW), Swift (SWFT) and Knight Transport (KNX). Of this group, Swift has had the most powerful bull run this year, but that run may soon be ending or at least headed for a substantial pullback after this week's reversal. SWFT opened the week with a gap-higher open that lifted the stock to new rally highs. By the close, the stock was in the red and today is off about 3% after beginning the session with a gap-lower open. A key support level is $19, but I doubt this level will hold in the near term....214 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.