Railroad Stocks Get Derailed

By May 25, 2012, 10:57 AM Author's Blog  

This morning, the leading transportation stocks are coming under some early selling pressure. The railroad stocks look to be a little weak at the start of the day causing the decline in the sector. One of the leading railroad stocks that are trading lower today is Union Pacific Corp (NYSE:UNP). This leading transport stock is declining lower by $1.38 to $111.52 a share. Short term traders can watch for intra-day support around the $111.30, and $110.50 levels.

Other leading railroad stocks that are declining lower today include CSX Corp (NYSE:CSX), Kansas City Southern (NYSE:KSU), and Norfolk Southern Corp (NYSE:NSC). All of these leading stocks will usually follow UNP as it is the leader of the sector at this time.

Railroad Stocks Get Derailed

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