BUY Canadian National Railway CompanyThe top and bottom line numbers for the company were all strong. Net income was up 27 percent, operating income rose 7 percent, and revenues were up 9 percent. Operating expenses rose 10 percent, a number that was boosted by the fact that the company hired 350 new conductors as part of its growth project that is focused on numerous areas of the system, with a particular emphasis on the track between Alberta and Chicago.
Trade ideas
CNI: Long OpportunityAn intraday high potential, Back Tested Long Analysis.
We ll try to enter into the correction of the downtrend movement close.
PLEASE NOTE: Initial stop loss is set at 75.09 instead of 131.46 as shown in the diagram.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
NOTE: "IF DONE" analysis, when presented, refers to 80% of the recorded back tested past succeeded performances.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
CNI Long despite bearish move downThe current break of the 50 day moving average is a retracement towards the 'C' leg. This represents a potential buying opportunity both in the short and long term.
The chart shows two ABCD movements up along the long-term trend. The main ABCD and a minor abcd forming within the main.







