VantageMarkets

UNP:Head and shoulders?!

Long
NYSE:UNP   Union Pacific Corporation
Union Pacific Corporation

Short Term - We look to Buy at 205.26 (stop at 192.50)

A bullish reverse Head and Shoulders is forming. Previous resistance at 205.00 now becomes support. Support could prove difficult to breakdown. Preferred trade is to buy on dips. Further upside is expected.

Our profit targets will be 241.01 and 260.00

Resistance: 240.00 / 280.00 / 300.00
Support: 205.00 / 180.00 / 160.00

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