I’ve bought the long-setup, Union Pacific Corp (UNP) today at $99.00. At this moment, it is breaking out and $100+ seems to be on the horizon. My suspicion is that we’ll see a lot of short-covering in this play, as well as the general markets too.
The short-setup PWER is very volatile and high-risk, and if you decide to short this play, I’d recommend you keep a tight leash on it.
LONG: Union Pacific Corp. (UNP)
SHORT: Power-One (PWER)
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