Union Pacific Corporation Stock Code UNP.NYS
Outlook
Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. A gap reinforced the bearish trend. Conversion and Base lines had a bearish crossover earlier, hinting at a bearish price trend. Lagging Span is below price of 26 days ago and is also below the cloud, confirming the bearish price trend. MACD is bearish with both lines crossing below the zero line. We think price is likely to move lower to the previous low at $200 in the next 2-3 weeks.
Strategy
$213.60 Sell
$200.10 Price Target
$219.30 Risk Management Stop
3 weeks Trade Duration
