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Thursday, January 19, 2012

UNP


UNP is one of the leading stocks in the railroad industry, and technically broke out January 3rd with a gap up (which is now the probable correct middle pivot point). It is just now starting to get breakout typ volume, but is encountering some new resistance here. The price relative line, despite the recent dip, is in an up trend and this should be moving higher, but it needs to get that resistance out of the way first.

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