Railroads Lead Transports Higher

07/22/2009 12:11 pm EST


Thomas Aspray

, Professional Trader & Analyst

Click to Enlarge

The Transportation average has been one of the leaders from the March lows and made new rally highs this week. The DJ railroads have already reached their next resistance level, with the further at 530. The RS has completed a nice bottom formation, so the railroads look poised to continue to outperform the S&P 500.

Related Articles on STOCKS

Keyword Image
11 Reasons to Buy Microsoft
18 hours ago

For our latest recommendation, we revisit one of the world's most prominent technology companies, Mi...

Keyword Image
A Trio of Top-Tier Biotechs
18 hours ago

We hold three biotech stocks in our growth portfolio — Biogen (BIIB), Bioverativ (BIVV), and R...

Keyword Image
Saudis, Oil and ETFs
18 hours ago

Under the guise of clamping down on “widespread corruption,” Prince Mohammed bin Salman ...