Transport Stocks Hit Speed Bump
Kansas City Southern ($77.16) tested a multiyear high at $79.50 on May 1. My monthly value level is $73.32 with a quarterly risky level at $80.95.
Norfolk Southern (NSC) ($73.37): My semiannual value level is $68.50 with an annual risky level at $77.92.
Union Pacific ($123.65) tested a multiyear high at $126.91 on Aug. 3. My quarterly value level is $118.06, with monthly and quarterly risky levels at $124.67 and $132.91, respectively.
United Parcel Service ($75.26) My semiannual and annual value levels are $70.89 and $67.19, respectively, with a weekly pivot at $75.30 and monthly, quarterly and annual risky levels at $78.96, $81.50 and $90.02, respectively.At the time of publication, Suttmeier had no positions in stocks mentioned. This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.
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