A Strong Railroad Sector Pushes Union Pacific (UNP) To New Highs

Posted: Tuesday, November 17, 2009 1:46 PM EDT

Union Pacific (NYSE: UNP) hit a new 52-Week high of $65.65 so far today. Currently the stock is up $0.07 (0.11%) to $65.12 on 2,574,674 shares traded. Today's high is up $31.84 from a 52-Week Low of $33.28. Union Pacific stock has been showing support around $63.08 and resistance in the $66.04 range. Technical indicators for the stock are neutral and S&P gives UNP a neutral 3 STARS (out of 5) hold ranking. The stock rose to a new 52 week high as all railroad stocks are benefiting from the news that Warren Buffet will be buying Burlington Northern (BNI). We will just watch this one for now. There are no hedged trades we like the look of for UNP. [ABR-Seven Summits Strategic Investments NewsBite]

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