Buy Signals Flashing on the 3 Major Railroads

Buy Signals Flashing on the 3 Major Railroads

$KSU $NSC,$UNP

The 3 major US railroad stocks got hammered mid-March but reversed and broke out in 2-H of May marking post-virus highs in early June, they have all settled back and a flashing Buy signals for both short and long term investors now.

Kansas City Southern (NYSE:KSU) was reiterated as Buy and its price target was raised to 175 from 154 at Citigroup.

Support is Strong at 145.27, resistance is light through 177.74, a break above that mark augurs a move toward 200 on the recovery of the US economy in Y 2021.

KSU finished Thursday at 147.28,+4.70.

Norfolk Southern Corp. (NYSE:NSC) was reiterated as Buy and its price target was raised to 200 from 196 at Citigroup.

Support is major at 166.19, resistance is Key 174.14, a clear break above 181. 30 augurs a move toward its 52 wk high at 220 on the recovery of the US economy in Y 2021.

NSC closed at 171.68, +2.73 Thursday.

Union Pacific Corp. (NYSE:UNP) was reiterated as Buy and its price target was raised to 195 from 167 at Citigroup.

Support is major at 163.50, resistance is Key 168,89, a clear break above 181. 30 augurs a move toward its 52 wk high at 190 on the recovery of the US economy in Y 2021.

UNP closed Thursday at 167.02, +1.47.

Have a healthy weekend, Keep the Faith!

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Paul Ebeling

Paul A. Ebeling, a polymath, excels, in diverse fields of knowledge. Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he it the author of "The Red Roadmaster's Technical Report on the US Major Market Indices, a highly regarded, weekly financial market commentary. He is a philosopher, issuing insights on a wide range of subjects to over a million cohorts. An international audience of opinion makers, business leaders, and global organizations recognize Ebeling as an expert.