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Union Pacific: 52-Week High Recently Eclipsed (UNP)

Published on Tue, 01/22/2013 - 15:35
By Mallory Stone

Union Pacific (NYSE:UNP) traded at a new 52-week high today of $133.73. So far today approximately 1.6 million shares have been exchanged, as compared to an average 30-day volume of 1.5 million shares.

Over the past year, Union Pacific has traded in a range of $104.08 to $133.73 and is now at $133.10, 28% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.5%.

Union Pacific Corporation is a rail transportation company. The Company's railroad hauls a variety of goods, including agricultural, automotive, and chemical products. Union Pacific offersslong-haul routes from all major West Coast and Gulf Coast ports to eastern gateways as well as connects with Canada's rail systems and serves the major gateways to Mexico.

There is potential upside of 9.4% for shares of Union Pacific based on a current price of $133.10 and an average consensus analyst price target of $145.57. The stock should find initial support at its 50-day moving average (MA) of $124.89 and further support at its 200-day MA of $119.38.

By Mallory Stone
mstone@fnno.com