Rail way to heavenAnti-pipeline administructure means more natgas transport via rail. Infrastructure spending is also a tailwind for this stock, hopping on this train before it leaves the station
RAIL trade ideas
RAIL to 14.14I previously posted a chart posting RAIL to fill the gap at 14. This is an updated C&H chart based on my previous prediction.
$RAIL to $14.14TA: A Cup and Handle, large open gap at $14.14. RSI recently oversold. IWM shaping up to rally to the end of the year. (+)
News: Infrastructure Deal being signed in the next few months, Earnings in November, surprise beat in August. (+)
RAIL going off the tracks in a good way?I think the RAIL is laid in the right track. If the cup and handle works...
RAILFreightCar America, Inc.(NASDAQ:RAIL) surged 29.26% Friday on one of the heaviest volume sessions this month, with 16 million shares traded. The stock broke out of a key horizontal resistance line and closed slightly below the high of the day, which now represents the next resistance for the follow through move on Monday. If a breakout above this level occurs, we could see a continuation of current momentum toward the 7.5-7.76 range.
PRICE EXPECTATION BASED ON ITS ACTIONTo wait for price pullback at support/buyer's territory and hold on that area. If so, can consider to buy.
RAIL bollinger band squeeze This replay is a demonstration of a Bollinger Band Squeeze. During the pullback the band contracts, then the upper bollinger band is touched on
high volume gap up, then a 3-1-2 up continuation on higher volume as the band expands, followed by a TD sell setup count up to 9. The quick
continuation on volume and band expansion is key
RAIL: Ascending Triangle(61%), Ascending Triangle (191%)Primary Target:
Ascending Triangle, confirmed (61%)
PT = 7.35$
Secondary Target:
Ascending Triangle, confirmed (191%)
PT = 12.48$
ALL ABOARD!!! Low volume, heavy movesSimple
Heavy resistance break, strong bull pattern..week over week build up...Here comes the freight...damn boats stuck....double the runs to keep all coasts filled up with inventory.
Good luck, wait for entry point, day trade
RAIL: Ascending Triangle, awaiting confirmation (61%)Ascending Triangle, awaiting confirmation (61%)
Pros:
Descending volume during formation
Volume at break out
PPS above 50MA and 200MA
R/R ratio above 8
RS above 0 and ascending
200MA ascending
250RSI above 50 and ascending
ATR ascending
Target:
PT = 7.35$
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RAIL LongCurrently in a downtrend on the Daily charts. I would not be in until it spent some time (week) above and held above $1.70
On smaller timeframes (1Hr or 4Hr) these could be considered in uptrends but those trends would be almost day trading and only have a holding period of days to a week or two, and would require more constant attention. At least checked when each candle is printed every 1 or 4 hrs.
$RAIL Bullish Moves ahead to $2.00FreightCar America, Inc. manufactures railcars and railcar components. It designs and manufactures railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The company was founded in 1901 and is headquartered in Chicago, IL.
RAIL - New Director - New Direction?FreightCar America, Inc. manufactures railcars and railcar components. It designs and manufactures a broad variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The company was founded in 1901 and is headquartered in Chicago, IL.
SHORT INTEREST
470.35K 07/31/19
P/E Current
-1.26
P/E Ratio (with extraordinary items)
-0.83
Average Recommendation: HOLD
Average Target Price: 5.83
