1UNP trade ideas
$UNP Jump aboard Union PacificVery bullish action in UNP as the stock continues in a very bullish manner despite downgrades.
Key indicators are very bullish but it is advisable to await a pullback for a better entry level.
Yield 2.07%
P/E ratio 20
Company profile
Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co., operates as a railroad franchise. The Railroad's diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal. The company was founded in 1969 and is headquartered in Omaha, NE.
Chip AwayFundamentally, it is not a bad stock to own. It is on the lower side of Price/Earnings spectrum compared to other American railroads. Debt Levels are kind of concerning, but they did mention cutting costs and headcount during their recent earnings call, which will help them take care of that. Also, should the US, Mexico, and Canada ratify the new NAFTA, railroad companies in general will see a major boost.
On a technical note, the price does seem to be rising above its 50 and 20 Day MA, with an RSI of 54, with a Fibonacci support level at about 160. Chipping away at this level is not a bad move, but it will come down to how the trade agenda plays out.
UNP - Follow the trendAs we can see from the chart, UNP had dumped from the 168 down to 149 recently.
Then, these days, it seemed to retrace back to 157-158 zone - the old low of late August.
Moreover, the 157-158 zone is the 0.382 retrace if we connect the 172 high to 149 low; and the 0.618 projection if we connect the prior 180 high to 158 low and project from 172 high.
Now the price is at 156. We should wait until it reaches this 157-158 zone and creates a sell signal.
My strategy: Sell at 158 ( 157.5) SL at 160.
UNP PUT spread 165/150UNP PUT SPREAD 165/150 September 20th expiry
Price was $4.35 kind of expensive, market is down trending due to tariffs and weak rate cut also china escalation with yuan devalue + agricultural stoppage on imports from USA.
May continue until Powell speaks up about another cut, as far as it goes this sounds like a good play.
Light risk, Medium Reward, Pricey spread.
Target is $8.70 profit vs $2.75 risk.
UNP Investing position: In Falling section of high risk19-JUL
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Investing position: In Falling section of high risk & low profit
S&D strength Trend: About to begin an upward trend as a adjustment trend gradually gives way to increasing limited falls and strong rises.
Today's S&D strength Flow: Supply-Demand(S&D) strength flow appropriate to the current trend.
Forecast D+1 Candlestick Color : RED Candlestick
%D+1 Range forecast: 1.0% (HIGH) ~ -0.9% (LOW), 0.0% (CLOSE)
%AVG in case of rising: 1.4% (HIGH) ~ -0.2% (LOW), 0.7% (CLOSE)
%AVG in case of falling: 0.5% (HIGH) ~ -1.3% (LOW), -0.9% (CLOSE)
UNP SwingUNP got downgraded today,
Took a beating while market is running,in addition to that, if FDX beats the earning tomorrow.
UNP can run with them too due to sector gains.
So we'll take a small position on unp with a tight stoploss.
Bounce play on unp
Entry at $162,
stoploss $161
profit taking at 163.9