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A 52 Week High for Canadian Pacific, will it Hold?
Published on Tuesday, 07 February 2012 11:34 Written by TradersHuddle Wire
New York, February 7th (TradersHuddle.com) - Shares of Canadian Pacific Railway Limited (NYSE:CP) booked a new 52 week high today by trading above $74.47, traders are definitely monitoring Canadian Pacific's price action to see if this move attracts further buying into the stock.
Canadian Pacific Railway Limited (NYSE:CP) is a Class 1 transcontinental railway, providing freight and intermodal services over a network in Canada and the United States. Its mainline network serves major Canadian ports and cities from Montreal to Vancouver, and key centers in the United States Midwest and Northeast.
Canadian Pacific is currently trading 1.01% versus its previous trading session close, and it has calculated support and resistance at $69.14 and $72.62 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range
The overall market index S&P 500 is trading higher by 0.13% from its previous trading close, which means that Canadian Pacific stock is outperforming the overall market.
Related Articles
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- Canadian Pacific Announces Board and Management Changes
- MEDIA ADVISORY - Canadian Pacific Annual Meeting of Shareholders May 17, 2012
- Canadian Pacific Responds to Glass Lewis and Egan-Jones Recommendations
- Canadian Pacific Continues to Successfully Execute its Multi-Year Plan, Delivering Record Operating Metrics Leading into Fourth Consecutive Quarter
- Leading Advisory Firms Continue to Back Nominees for Management Change and Reject Status Quo at CP; All Three Unanimously Support Change
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Related Partner Headlines
- Canadian Pacific Railway Ltd (CP): Today's Featured Transportation Loser - TheStreet.com
- Benzinga's Top Upgrades with Color for May 18, 2012 - Benzinga
- UPDATE: Citigroup Upgrades Canadian Pacific Railway Limited to Buy; Turnaround Beginning - Benzinga
- Benzinga's Top Upgrades - Benzinga
- Canadian Pacific Announces Results of 2012 Annual Meeting of Shareholders - Benzinga
- Canadian Pacific Announces Fred Green, President and Chief Executive Officer, Departing - Benzinga
- Ackman Moves Away From Three Key Stocks - TheStreet.com
- Canadian Pacific Railway Ltd (CP): Today's Featured Transportation Winner - TheStreet.com
- Pershing Square Statement on Strong Endorsement from Canadian Pension Plan Investment Board - Benzinga
- Pershing Square Statement on Strong Endorsement from Ontario Teachers' Pension Plan - Benzinga
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