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PLAY > New Plays Tuesday, April 03, 2001
New Split Plays   New Candidate Plays   New Momentum Plays
(We update our stop losses daily at the CURRENT PLAYS page.)

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.


Picked on April 3rd @ $57.35
Change since picked +0.00
Stop Loss @ $54.50

 
Interactive Chart Quote News First Call on UNP
 

New Plays Index

 


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