What We're Reading

Rails, Keystone And Cheap Gas

Posted by StockBuz on December 8, 2014 at 8:53am in Sectors

Rails are having a difficult time nowadays. You can point a finger at lower gasoline prices, making shipment by tanker and truck more affordable but I believe you can also point a finger at the GOP and their desire to pass the Kochstone Keystone XL pipeline proposal.

It is what it is; bearish.

Although CP shown here (click chart to enlarge) has not 'broken down' out of a bearish descending triangle, the lower swing high and high volume selling is evident.

I am already short but if it comes back to test upper resistance, you too can get short or purchase puts. Risk and target shown. Long live cheap gas.

railroad stocks, $djus, $djt, cp, canadian pacific stock, gasoline, transports, rails

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