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Union Pacific Jumps on News of Warren Buffett's Purchases

The price of Union Pacific (UNP), a large North American railroad, has been propelled to all-times on the news that Warren Buffett has purchased a sizable number of UNP shares.

So should you follow Buffett's lead and buy UNP? Probably not at current prices. Wait for a significant price correction before you think about buying the stock.


Click on the blue chart to the right to see more information about UNP.


Related Articles:

Price Patterns - Resistance Levels Are Barriers to Price Upsides
Price Upsides Often Occur in Three Stages


Posted May 17, 2007.



 

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