Railroad Stocks Get Derailed

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.

About Nicholas Santiago 576 Articles

Affiliation: InTheMoneyStocks.com

Nicholas Santiago started trading in 1991. In 1997, he became a licensed Series 7 and 63 registered representative. He managed money for a large, affluent private client group. After applying his knowledge to his client base, he decided it was time to begin teaching those interested in learning his methods. He is an expert in Technical Analysis. He has become an accomplished technician in the studies of Elliot Wave, Gann Theory, Dow Theory and Cycle Theory. In 2007, he partnered with Gareth Soloway to form InTheMoneyStocks.Com and realize his dream of educating others about the truth of the markets.

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