Competing to Become the Polar Express

2004_the_polar_express_wallpaper-610x250

The train stocks have long been a harbinger for the economy and thus the stock market as well. Strong performance for these companies signals a lot of activity moving things around the country. So how are the stocks doing heading into the holiday season? All kids like trains for Christmas but these names look like they are competing to be the Polar Express. Take a look.

Kansas City Southern, $KSU
ksu

Kansas City Southern, $KSU, has been consolidating in a slowly expanding triangle since late October. This is after a move higher from resistance at 113.25. A break higher would trigger a target of 133, but it has some work to do to prove that it wants to go higher and now retrace back to 113.25. A dark horse for now.

Norfolk Southern, $NSC
nsc

Norfolk Southern, $NSC, looks a lot better. The consolidation after the move higher is in a flat channel with the RSI holding in bullish territory. A break over 88 carries a Measured Move higher to 95. With the Bollinger bands very tight look for something to happen soon.

Union Pacific, $UNP
unp

Union Pacific, $UNP, may be the best set up of them all though. The consolidation in the box has been going on since early May between 150 and 164. A break higher on this name carries a Measured Move to about 192. With the RSI bullish and rising and the MACD also rising this stock is in the lead for that trip to the North Pole higher.

____________________________________________________________________________________________________

Want to learn more about Dragonfly Capital Views?

Dragonfly Capital Views Performance Through November 2013 Expiry and sign up here for the free 7 day trial before you pay.

If you like what you see above sign up for deeper analysis and trading strategy by using the Get Premium button above. As always you can see details of individual charts and more on my StockTwits page.

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

blog comments powered by Disqus
Dragonfly Caps Blog