Has Union Pacific Topped at $100?

Filed under: Stocks to Buy, Union Pacific Corporation (UNP)

Union Pacific (UNP) shares, first discussed here on March 27, 2009 at a price of $43, rose this winter to within roughly 50 cents of major, psychological resistance at $100, and if you haven't already, now may be a good time to consider taking some profits.



However, those investors who can tolerate the risk can maintain their full position, but keep in mind that the journey to $120 probably will not be completed in 2011.



Many macro-factors are running in UNP's favor. Union's revenue will likely increase an impressive 15-20% in 2010, with a better than 7% volume rise, on rising intermodal, industrial, and chemical transportation demand; 2011 revenue should advance 10-12%

Continue reading Has Union Pacific Topped at $100?

Has Union Pacific Topped at $100? originally appeared on BloggingStocks on Wed, 02 Feb 2011 17:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments

Full story at http://www.pheedcontent.com/click.phdo?i=b179fc59c90fd6f9a7a17116ec772aa6