Union Pacific And The Railroads Weigh On Transports

Aug. 07, 2013 11:02 AM ETCSX
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2009

InTheMoneyStocks.com was established in 2007 with the goal of helping average investors compete and beat the Wall Street elite. Founders, Gareth Soloway and Nicholas Santiago spent years (prior to launch) developing the PPT Methodology, a simple way to analyze charts (stocks, commodities, forex, crypto… ect), finding the next directional move with a proven 82% success rate (94% for day trading). With tens-of-thousands of members since their launch in 2007, and many hedge fund clients, InTheMoneyStocks.com is now a household name with investors and traders all over the world. InTheMoneyStocks is one of the oldest proprietary trade alert firms on the internet, which shows the long lasting positive and profitable impact on the lives of our members. We pride ourselves on being transparent, open and honest, not only giving our live trades to our members, but teaching them how to analyze charts and learn how to find the next market cycle via the PPT Methodology.

This morning, most of the leading railroad stocks are declining at the start of the trading session. This move lower in the railroad stocks is certainly putting pressure on the transportation sector. Some of the leading railroad stocks that are falling on the session include Union Pacific Corporation (NYSE:UNP), Kansas City Southern (NYSE:KSU), Genesee & Wyoming Inc (NYSE:GWR), and Canadian Pacific Railway Limited (USA) (NYSE:CP).

Today, the iShares Dow Jones Transport Avg. (ETF) (NYSEARCA:IYT) is trading lower by $1.30 to $115.20 a share. Day traders can watch for intra-day support around the $114.50 level, this is the spot where traders could see a bounce.

Nicholas Santiago
InTheMoneyStocks.com

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.