Rails Test Highs

08/08/2008 12:00 am EST


Thomas Aspray

, Professional Trader & Analyst

The S&P Railroads have rallied sharply from the July lows and are testing the recent highs. The 50 and 200 day moving averages are positive, favoring an eventual upside breakout. Initial support now at 540-550. The top four performing rail stocks over the past three months are NSC, KSU, UNP and GWR.

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