With transportation stocks pushing higher, Serge Berger, also known as the Steady Trader, is looking to capitalize on the markets movement. Last week the iShares Dow Jones Transportation Average (IYT:arcx) demonstrated renewed strength for transportation companies in the New Year, as the index reached record highs.One particular company, Ryder System Inc., has been slow to capitalize on the overall strength of the index, presenting an opportunity to get ahead of the trade. Ryder System Inc. is a global transportation and supply chain management company based in the United States. Berger notes that this company's stock has demonstrated strong growth in the past, stating that if buying continues in the market this week, Ryder System Inc. is on target to take advantage of the chart's bullish formation. Berger is looking to enter the trade at USD 73.20 with a stop set at USD 71.60. He has set a target of USD 76.50, which is Ryder System, Inc.'s all-time high that was set in May of 2008.Read more about Berger's outlook for transportation stocks here: [ Ссылка ] ([ Ссылка ])*Disclaimer*_Saxo Bank Group provides an execution-only service. All information provided on Tradingfloor.com is solely for general information. Tradingfloor.com does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. Saxo Bank Group will not be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available as part of the Tradingfloor.com or as a result of the use of the Tradingfloor.com.__Please read our notification on__Non-independent investment research disclaimer_ ([ Ссылка ])_Full disclaimer_ ([ Ссылка ])
