Union Pacific Railroad (NYSE:UNP) is a publicly-traded railroad holding company that was established in 1969. Last year, revenues grew to $22.8 billion, while earnings was up in mid-single-digits to $10.8 billion. Revenue growth was led by strong gains in Intermodal, amid capacity constraints in the trucking industry and a higher industrial production for commodities shipments.

Union Pacific’s year on year earnings growth rate has been positive over the past 5 years and it outperformed the Transportation industry. Its earnings are expected to grow by 7.1% yearly and revenue is expected to grow by 4% yearly.

UNP Future Revenue and Net Income Expectation

Moving on to the technical picture of the stock using weekly and daily Elliott wave chart :

From January 2016 low, UNP rallied higher in an impulsive 5 waves advance breaking 2015 peak which opened a new bigger cycle to the upside. The 5 waves rally ended as a wave I in September 2018 then did a 3 waves pullback Zigzag Structure in wave II which reacted higher from the blue box area $129 – $122.

Up from there, the stock resumed the rally breaking to new all time highs and opening a new bullish sequence to the upside calling for a move toward target area $226 – $287. Therefore, UNP pullbacks are expected to remain supported above December 2018 low $127 and find buyers in 3 , 7 or 11 swings.

UNP Elliott Wave Daily Chart

UNP Elliott Wave Weekly Chart

Conclusion

UNP bulls are looking to stay in charge as the stock has a bullish sequence from 2016 and 2018 lows so Investors may be looking ahead to the next couple of weeks for buying opportunities during the coming pullbacks.

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By Ayoub Ben Rejeb

https://elliottwave-forecast.com

ElliottWave-Forecast has built its reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including Forex majors & crosses, Commodities and a number of Equity Indices from around the World. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Elliott Wave Setup .

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