Union Pacific (UNP) Hits 52-Week High And Settles Above Resistance
Posted: Friday, September 03, 2010 2:56 PM EDT
By: Market Intelligence Center Staff
Union Pacific (NYSE: UNP) hit a new 52-Week high of $79.61 so far today. Currently the stock is up $1.64 (2.12%) to $78.95 on 1,780,258 shares traded. Today's high is up $24.75 from a 52-Week Low of $54.20. Union Pacific stock has been showing support around $75.94 and resistance in the $78.10 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 November out-of-the-money bull-put credit spread below the 70 range. [ABR-Seven Summits Strategic Investments NewsBite]
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