Union Pacific Crosses Below its 10-day MA (UNP)
Today, shares of Union Pacific (NYSE:UNP) have fallen below their 10-day MA of $92.81 on a volume of 476K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Union Pacific share prices have been bracketed by a low of $67.06 and a high of $109.42 and are now at $91.99, 37% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.6%.
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 3.4%. 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