Next stop will be 2.0
Went up too much last 5 years. Investors think leadership of UNP will continue forever which is not true at all.
Union Pacific Corporation UNP, -3.51% has already broken down and is forming a bear wedge. On Tuesday it dropped 2.05 to 105.94 on five million shares. The immediate target for this stock is 96.00, which was the low in October, followed by 90.00.
Data below explain why UNP behave so poorly. Analysts also become more actively trimming the EPS est.
Week 18 Volume -5% y/y
Q2 2015/Q2 2014 so far Volume -4% y/y
Q1 2015/Q1 2014 Volume -2% y/y
2014/2013 +7% y/y
2013/2012 0% y/y
2012/2011 -1% y/y
2011/2010 +3% y/y
Otherwise share price will drop to 400.
Morgan Stanley downgraded China market to hold
Weak weekly data continues this past week -5%Y/Y