The news was out on Monday – Berkshire Hathaway is looking to get into the railroad business. That tidbit sent the transportation index flying down the rails and has Canadian National Railway Co (CNI) on the radar for Tuesday’s trading. The stock left a Fast Ball expansion of range and volume and looks strong going into the session. We will look for entry opportunities on a breakout of the Fast Ball bar high.
Canadian National Railway Co
Eaton Vance (EV) left a potential Sinker setup, with a new Fast Ball high and a poor close. We will watch the stock for a breakdown after any attempted rally that reverses through the closing price.
Eaton Vance
Waters Corp (WAT) left an Infield Fly on Monday and will be on screen throughout the Tuesday session for a short-side move through the low.
Waters Corp
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