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| PLAY > New Plays |
Tuesday, April 03, 2001 |
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New Split Plays
None
New Candidate Plays
None
New Momentum Plays
| UNP
- Union Pacific Corporation $57.35 +0.10 (+1.10) |
Union Pacific operates a Class I railroad spanning 33,000 route miles throughout the United States. The company also provides trucking services for less-than-truckload shipments. Shares of UNP have been trending higher for the past five months following nine months of sideways trading in the $35-$45 range. The stock is currently on a two-week bounce after a successful test of the $50 mark and the 100-dma on March 16th. The stock has been gaining momentum due to the recent buzz surrounding the coal transportation sector. We believe that UNP could reach new 52-week highs as we move closer to its earnings announcement on April 26th before the bell. From a technical standpoint, support is the 5-dma at $56.59 with additional support at Friday's intra-day low of $55.90. Resistance is Monday's intra-day high of $57.63 and then the $58.25, the 7/9/99 intra-day low. Traders may consider starting new plays on a bounce off of $56.59 or a breakout above $57.63 on volume greater than 500,000 shares by noon. We plan to set stops at $54.50 to limit potential losses.
New Plays Index
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