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| UNP - Union Pacific Corp. | Week Ended: 4/28/01 |
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| Price |
58.00 |
P/E Ratio |
17.62 |
52 Week High |
59.60 |
| Last Week |
+ 1.87 |
Earnings Date |
04/26/01 |
52 Week Low |
37.13 |
| Picked At |
57.35 |
Date Picked |
4/3/01 |
Sector |
Transportation |
| Activity |
| Current |
58.00 |
Open |
57.25 |
Change |
0.58 |
| Low |
57.25 |
High |
58.20 |
Volume |
349,100 |
ZACKS | NEWS | PROFILE | HISTORICAL PRICES | OPTIONS | D-CHART |
| Company Description UNP operates through subsidiaries in the areas of rail transportation (Union Pacific Railroad Co. and SouthernPacific Rail Corp.) and trucking (Overnite Transportation Company.). For the FY ended 12/31/00, revenues rose 6% to $11.88B. Net income from cont. ops. rose 8% to $842M. Revenues reflect higher Intermodal, Energy and Agricultural segments sales. Higher income also reflects improved operating efficiency.
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| Play Description April 3, 2001
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.
Picked on April 3rd @ $57.35
Change since picked +0.00
Stop Loss @ $54.50
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| Update April 24, 2001
Union Pacific gapped down on Monday following a weak earnings announcement from CSX Corp. (CSX) and a downgrade from Salomon Smith Barney. Shares of UNP traded to an intra-day low of $54.25 late in the session. We were stopped out at $54.50, so we are dropping UNP tonight.
Picked on April 3rd @ $57.35
Profit/Loss = -2.85 (-5%) (Stopped Monday @ $54.50)
Best Profit = +2.25 (+4%)
April 22, 2001
Union Pacific Corporation sold off on Friday after trading to a 52-week high on Thursday. Shares of UNP hit an intra-day low of $58.80 on volume of 971,000 shares. The stock was ripe for profit taking following four days of gains. However, we are concerned about the declining volume because it does not support Wednesday’s breakout. UNP has already pre-announced an earnings surprise so the stock may be at the end of its run. The company is expected to announce earnings on April 26th before the bell and we plan exit this play no later than April 25th. For now, support is the 5-dma at $58.36 with additional support at $57.37, the 10-dma. Resistance is now at Thursday’s intra-day high of $59.60 and then the 7/19/99 intra-day high of $60.68. Look for a bounce off of $58.36 or a breakout above $59.60 on midday volume greater than 600,000 shares as possible entry points. We are leaving our stops at $54.50 as downside protection.
Picked on April 3rd @ $57.35
Change since picked +1.50
Stop Loss @ $54.50
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