UNP breaks out after deep pullbackUNP has been a profitable trending stock but, as with many other positions, the October pullback was too deep to justify remaining in the trade. On the weekly chart the trend has remained pretty much intact since January 2012, even with the recent pullback. Price did not breach the 50ma, and only spiked below the 100 figure. But on the daily chart the pullbacks have become progressively deeper. However it is conceivable that UNP will return to its former linear trend. Yesterday's breakout bar confirmed a small doji-based flag on slightly higher volume. If it weren't for NFP today a buy opportunity could've been a possibility. But for now I will wait for Monday (to avoid possible near term volatility due to NFP) and reassess then.Longby iAnneTrader4
Bull flag or top?..Breakdown on UNP could be a good "tell".The chart pattern in UNP could be a bull flag , projecting much higher, or an important breakdown. Already, the moving averages have crossed down, and an ATR sell stop signal is close to triggering. Rails are just as important in this rally, as they were in 1929.by chrisbrecher1
SLOW TRAIN COMING?Couple of fibs little higher, channel's resistance and maybe will have the chance to jump on this jumbo. Cheers, panosby pantheo220
UNP close to a sell signal.UNP has been the leader of the transports since last fall. A failure would be another warning sign for the overall market.by chrisbrecher0
UNP corrections 1983-2013After a rally of 772% from 1987 and 364% from 2009.On the daily UNP is shaping a H&S. If you are not impressed by the hyperbolic slant, showing the pure impact of inflation on Giffen goods, look at the precision of each 76.4% retracement. Shortby Ecantoni0
Railroads starting to show relative weakness.With most major averages near all-time highs, some cracks in economically sensitive stocks are beginning to appear.Shortby chrisbrecher1