Trade Idea: Union Pacific Corporation

NYSE: UNP

We have a clearly defined pivot level at the 21 Day Exponential Moving Average.

Above the pivot we want to be Long using out target levels ( T1-T3 ) to scale out.

Below the pivot we want to be Short using out target levels ( S1-S3 ) to scale out.

Pivot 214.83

T1 216.94     T2 219.27     T3 222.18             50 Day Simple Moving Average

S1 211.93     S2 208.99     S3 206.51

Implied move $6.57

Trade: Equity

Or

Use This weeks Options

Long 217.50c

Short 212.50p

Current Delta on both are .35

We will use roughly a $1.50 stop on the stock price ( depending on entry ) that would equal roughly .52 a contract.

EDGE:  Squeeze on the hourly

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