These Transports Can Deliver
Though the Dow Jones Transportation Average has been taking a breather after racing higher in recent months, some transportation-equipment makers are carving out bullish charts.
The iShares Transportation Average Index Fund (IYT) is chugging slowly along beneath resistance at $96.22. The fund's largest holding, accounting for nearly 12% of the index, is Union Pacific (UNP). Not surprisingly, the stock is etching a chart pattern that essentially mirrors that of the index. UNP has been a solid, though not outstanding performer, relative to the general market. So far this year, it's up about 6%. That lags the S&P 500, which has advanced nearly 12% that time....484 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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