Technical Analysis of Financial Markets

Tuesday, July 11, 2006

Union Pacific Corp. (UNP) - Bearish Breakdown ?

Not quite a Symmetrical Triangle, but coiling like one, UNP seems to be tightening-up preparing for a breakout. With the current uptrend forming on diminishing volume and the OBV suggesting smart money flowing out, a breakout favours the downside. Overall wider and general market direction may decide the breakout direction.

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