Two Railroad Stocks Worth Considering
Kansas City Southern (KSU) is trading just shy of its January peak. The stock is up more than 5% today and is now $1.00 away from hitting a fresh all-time high. Unlike the rest of the group, volume is running very light in this rail despite the impressive price action.
In late January, KSU suffered a major blow following a weak fourth-quarter earnings report. The stock dropped over 7.5% on news of its heaviest downside trading since 2005. The shares began to recover immediately, leaving behind a spike low near $65.00. KSU rallied up to the earnings breakdown gap area before fading in mid-February. A higher low was put in as the stock turned up again as the month closed. Gap resistance near $71.50 held again earlier this month leading to another brief fade. KSU put in another higher low as the three-day drip ended....322 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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