Shares of Canadian National Railway (NYSE:CNI) traded at a new 52-week high today of $103.70. Approximately 299,000 shares have changed hands today, as compared to an average 30-day volume of 599,000 shares.

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.

Canadian National Railway (NYSE:CNI) defies analysts with a current price ($102.53) 4.6% above its average consensus price target of $97.79. The stock should discover initial support at its 50-day moving average (MA) of $95.43 and subsequent support at its 200-day MA of $89.38.

In the past 52 weeks, shares of Canadian National Railway have traded between a low of $74.50 and a high of $103.70 and are now at $102.53, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

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 16.0%. We continue to monitor CNI for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.