Tuesday, January 16, 2007

Trade Ideas: UNP

A quiet day for the markets saw the Trade Ideas scan drift out to 50 minutes for 8 picks.

Union Pacific (UNP) screamed ahead with 53 appearances on the Trade Ideas scan day after breaking from a declining wedge. Larger resistance lurks at $97.49 with a projected target of $117.49. Stops on a loss of $90.

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, provides rail transportation services in North America. The company has approximately 32,426 route miles linking Pacific Coast and Gulf Coast ports with the Midwest and eastern United States gateways, and provides corridors to Mexican gateways. It offers transportation services for agricultural products, automotive, lumber, steel, paper, food, chemicals, coal, and industrial products, as well as for finished vehicles and intermodal containers. The company also provides container and trailer traffic services primarily for shipper agents and consolidators, as well as for truckload carriers.

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