Recent 52-Week High Exceeded in Shares of Canadian National Railway (CNI)
Shares of Canadian National Railway (NYSE:CNI) traded at a new 52-week high today of $96.08. Approximately 265,000 shares have changed hands today, as compared to an average 30-day volume of 508,000 shares.
In the past 52 weeks, Canadian National Railway share prices have been bracketed by a low of $74.50 and a high of $96.08 and are now at $95.60, 28% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.
Canadian National Railway Company operates a network of track in Canada and the United States. The Company transports forest products, grain and grain products, coal, sulfur, and fertilizers, intermodal, and automotive products. Canadian National operates a fleet of locomotives and railcars.
There is potential upside of 1.9% for shares of Canadian National Railway based on a current price of $95.60 and an average consensus analyst price target of $97.43. The stock should find initial support at its 50-day moving average (MA) of $91.91 and further support at its 200-day MA of $87.79.
SmarTrend recommended that subscribers consider buying shares of Canadian National Railway on November 28th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.66. Since that recommendation, shares of Canadian National Railway have risen 8.2%. We continue to monitor CNI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows canadian national railway