Railroads Lead Transports Higher

07/22/2009 12:11 pm EST


Thomas Aspray

, Professional Trader & Analyst

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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.

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