1
UNP stock price is trading close to the round mark of $200.
2
Buyers have sustained the price at the 20 day EMA mark.
United Pacific Corporation (NYSE: UNP) stock shows a double bottom pattern near $200 and is looking for a relief rally. Moreover, the price action indicates that UNP stock has filled the gap near the $200 mark. UNP share price is trading below the significant moving averages and is trying to attain a reversal above the immediate hurdle of $210. Since the last quarter (Q2), UNP stock was in a correction phase and lost the gains from the highs of $240 and has retested the demand zone of $200. Thereafter, UNP stock managed the gains and buyers are showing their willingness to regain the swing highs.
UNP stock has faced the immediate barrier of $220 and retraced toward the support zone of $200. Bulls, unsuccessfully tried to lift off from the $225 mark amid the Q3 earnings results.
Per the options chain, at the strike price of $205, open in
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