Stock Chart BNI

Posted by downtowntrader | 8/10/2008 10:12:00 PM | 0 comments »

Stock Chart Analysis BNI

Burlington Northern Santa Fe Corporation (Public, NYSE:BNI)

Railroad stocks have been marching higher despite the general markets being weak over the past several months. Take a look at the chart below for BNI and notice how it has been moving higher the entire year. While the chart doesn't jump out at you as anything spectacular, if you take a look at the same chart for the S&P500 then it makes you wonder how rails have avoided the recent plague. While it has been in a correction over the past two months, so far the correction has respected the breakout area as support, and the weekly and monthly charts still look very healthy. This is one is not too complicated, basically, there is an opportunity to enter a strongly trending stock, in a strong sector, on a pullback.

Good Trading,


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