UNP has moved convincingly above the July highs at $107.89, hitting a high of $112.52 last week The 127.2% Fibonacci retracement target is at $116.20 with the weekly and monthly Starc+ bands at $118.40-$118.70 The RS line broke through its short-term downtrend (line b) and its weighted moving average in the latter part of October Though it is hard to tell on the chart, the weekly OBV did make new highs last week, confirming the price action. Good long-term OBV support is at line d The daily indicators (not shown) did confirm the recent buy runescape gold cheap highs There is initial support for UNP at $106-$107 with stronger support at $103.50CSX Corp.
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