Thursday, February 15, 2007

Transportation Stocks Breaking Out



In the above weekly chart you can see both the Transportation and the Railroad index are breaking out of a nine month consolidation pattern. Just a few months ago these stocks were lagging and diverging from the rest of the market, now they are moving into higher ground. Stocks such as UNP, CSX and JBHT are leading the way higher.

1 comment:

OptionPundit said...

Thanks for sharing that Kevin. I shall be looking for a bull put or another bullish option strategy to play transportation.

Your call on $INDU was also kool. Keep it up and all the best Kevin.

Profitable trading,
OptionPundit
www.OptionPundit.net

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