Look for Shares of Union Pacific to Potentially Pullback after Yesterday's 1.14% Rise
Union Pacific (NYSE:UNP) traded in a range yesterday that spanned from a low of $96.26 to a high of $98.44. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $98.26 on volume of 1.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Union Pacific has traded in a range of $67.06 to $109.42 and is now at $97.80, 46% above that low. 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 is tracking the current trend status for Union Pacific and will alert subscribers who have UNP in their portfolio or watchlist when shares have changed trend direction.
Keywords: rebounders union pacific