Bullish Pattern for Union Pacific Corporation? – August 25, 2010

August 25, 2010

Union Pacific Corporation or UNP as listed in the New York Stock Exchange is engaged in the transportation business. Their operating company, Union Pacific Railroad, is the largest railroad network in the United States. Currently, there is a triangle formation setting up in the UNP stock chart. This is most likely bullish as the stocks are coming from an uptrend. If the stocks breakout from the triangle’s resistance, it could climb higher and look for some resistance at the $80.00 psychological area. If that psychological level gets cleared out, the next resistance could be $85.80. In case the stocks breakdown from the triangle formation which is less likely to happen, the significant support could be $66.00. If it further breaches below that level, the next support could be the $60.00 psychological marker.

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Comments

  1. Francis says:

    any stock pics for philippines Plz???

  2. Al says:

    Will post some if there are good ones

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