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 Including Pattern Recognition Analysis in Equities, Commodities and Foreign Exchange, and he is 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.