Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Railroad Stocks Head Southbound

|Includes:CNI, GWR, Kansas City Southern (KSU), NSC, UNP

This morning, the leading railroad stocks are all a bit weak to start the day. The railroad stocks are a major part of the Dow Jones Transportation Index which is lower by 0.77 percent on the session. One of the leading railroad stocks that are declining lower is Kansas City Southern (NYSE:KSU). Today, KSU stock is trading lower by $2.05 to $107.16 a share. Day traders should watch the $105.35 level for intra-day support. That is still a bit away, but the level should be decent if the stock trades down there.

Other leading railroad stocks that are declining lower include Union Pacific Corporation (NYSE:UNP), Norfolk Southern Corp (NYSE:NSC), Genesee & Wyoming Inc (NYSE:GWR), and Canadian National Railway (NYSE:USA) (NYSE:CNI). Often, the railroad stock will trade in tandem with each other. All of these railroad stocks still look weak on the daily charts, and intra-day charts.

Nicholas Santiago

(click to enlarge)Click to enlarge