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Bullish Moving Average Cross by Union Pacific (UNP)

By Amy Schwartz

Today, shares of Union Pacific (NYSE:UNP) have crossed bullishly above their 10-day moving average of $95.55 on a volume of 542K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Union Pacific have traded between a low of $67.06 and a high of $109.42 and are now at $95.74, which is 43% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Union Pacific on July 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $89.88. Since that recommendation, shares of Union Pacific have risen 6.0%. We continue to monitor UNP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses union pacific

Ticker(s): UNP