Union Pacific (UNP) NewsBite - UNP Downgraded By EVA Dimensions, LLC
Posted: Thursday, March 11, 2010 3:01 PM EDT
By: Market Intelligence Center Staff
Union Pacific (UNP) was downgraded today by analysts at EVA Dimensions, LLC and the stock is now at $72.30, up $0.70 (0.98%) on volume of 3,295,001 shares traded. EVA Dimensions, LLC downgraded the stock today to Hold from Underweight. Over the last 52 weeks the stock has ranged from a low of $35.54 in last March to a high of $72.03 in earlier this month. Union Pacific stock has been showing support around $69.85 and resistance in the $72.91 range. Technical indicators for the stock are neutral and S&P gives UNP a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on UNP the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 65 range. [ABR-Seven Summits Strategic Investments NewsBite]
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