Canadian Pacific Railway Limited (CP) has been under a strong bear grip, hence the stock is down -0.69% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.05% in the past 1 week. The stock has risen by 4.22% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.22% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 2.43% and the 50-Day Moving Average is 2.56%.The 200 Day SMA reached 14.39%
Canadian Pacific Railway Limited (NYSE:CP): After opening at $151.91, the stock dipped to an intraday low of $151.37 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $153.25 and the buying power remained strong till the end. The stock closed at $152.7 for the day, a gain of 1.39% for the day session. The total traded volume was 779,372. The stocks close on the previous trading day was $152.7.
Canadian Pacific Railway Limited (CP) : 15 Wall Street analysts covering Canadian Pacific Railway Limited (CP) believe that the average level the stock could reach for the short term is $166. The maximum price target given is $216 and the minimum target for short term is around $145, hence the standard deviation is calculated at $18.82.
Canadian Pacific Railway Limited (CP) operates a transcontinental railway in Canada and the United States (U.S.) and provides logistics and supply chain expertise. CP provides rail and intermodal transportation services over a network of approximately 13,700 miles, serving the principal business centers of Canada from Montreal, Quebec, to Vancouver, British Columbia (B.C.), and the United States Northeast and Midwest regions. The Company transports bulk commodities, merchandise freight and intermodal traffic. Bulk commodities include Canadian grain, U.S. grain, coal, potash, and fertilizers and sulphur. Merchandise freight consists of finished vehicles and automotive parts, chemicals and plastics, crude oil, forest products, and metals, minerals, and consumer products. Intermodal traffic consists of retail goods in overseas containers that can be transported by train, ship and truck and in domestic containers and trailers that can be moved by train and truck.