• Return to Headlines

Canadian National Railway Crosses Above its 10-day MA (CNI)

By David Diaz

Canadian National Railway (NYSE:CNI) crossed over its 10-day moving average of $59.04 on a volume of 215K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Canadian National Railway has traded in a range of $46.23 to $66.46 and is now at $59.15, 28% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Canadian National Railway on May 2nd, 2016 by issuing a Downtrend alert when the shares were trading at $61.41. Since that call, shares of Canadian National Railway have fallen 4.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses canadian national railway

Ticker(s): CNI