EBITDAtiger

UNP potential break-out

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NYSE:UNP   Union Pacific Corporation
It appears that an Elliot correction wave pattern formed here slightly pointing to a potential break-out. I used trend lines to show the convergence of the trend which appears to be consolidating on a steady upward trend. I placed an arrow where the trajectory could be going. With the big infrastructure bill and need for transports more than ever, I see these both as major tailwinds. It also appears the 20-day MA is about to break through the 50-day MA which is bullish and a possible sign of momentum.

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