Union Pacific: Testing the 50 day

by Josh Union Pacific Corp. ($UNP) shares were last at $155.80 on a volume of 721,468 shares. They are trading back at the 50 day moving average, currently sitting at $155.20. Shares are forming a descending broadening wedge, a potential bullish reversal pattern.

The 50 day has been serving as short term resistance. Technical traders will look for a breakout from the the current wedge to indicate a reversal of the current downtrend of lower highs and lower lows.

52 Week Range $116.06-$165.18 Market Cap 71,705,931,250 Average Volume 2,266,635 Dividend Yield 2.04% Institutional Ownership 84.80% Insider Ownership: 0.40% Percentage of Float Short 0.70% Beta 1.13

Union Pacific Corp., is a transporting companies and its main operating company is Union Pacific Railroad Company. It links 23 states in the western two-thirds of the country by rail, providing a critical link in the global supply chain.

Articles