FreightCar America, Inc.(NASDAQ:RAIL) surged 29.26% Friday on one of the heaviest volume sessions this month, with 16 million shares traded. The stock broke out of a key horizontal resistance line and closed slightly below the high of the day, which now represents the next resistance for the follow through move on Monday. If a breakout above this level occurs, we...
Heavy resistance break, strong bull pattern..week over week build up...Here comes the freight...damn boats stuck....double the runs to keep all coasts filled up with inventory.
Good luck, wait for entry point, day trade
FreightCar America, Inc. manufactures railcars and railcar components. It designs and manufactures a broad variety of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The company was...
Long term trend resistance and Fib Resistance channel lead me to believe that CP Rail is about to take a dive.
A healthy retracement is required for long term growth to continue.
Comment your thoughts!