Shares of Canadian National Railway Company (CNI) Sees Large Outflow of Money

Canadian National Railway Company (CNI) : Thursdays money flow analysis of Canadian National Railway Company (CNI) indicates the selling of stock on the strength of price. The investors sold the stock on every rise as seen in the downtick transactions of $14.01 million. In comparison, the inflow of money on upticks was a meager $9.49 million. The dollar value of composite uptick trades minus the downtick trades was negative $4.52 million. The uptick to downtick ratio of 0.68 in the money flow shows weakness. The downtick transaction value was high at $3.02 million, which denotes distribution on strength.. Hence, the net money flow in the stock was negative ($3.02 million). Canadian National Railway Company (CNI) gained $0.7 at $62.43, a change of 1.13% over the previous days close.


The stock has recorded a 20-day Moving Average of 5.99% and the 50-Day Moving Average is 5.82%. Shares have rallied 1.62% from its 1 Year high price. On Apr 22, 2016, the shares registered one year high at $66.22 and the one year low was seen on Jan 21, 2016. The 50-Day Moving Average price is $59.00 and the 200 Day Moving Average price is recorded at $58.23.

Canadian National Railway Company (NYSE:CNI): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.26 and $62.10 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $62.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $62.43, notching a gain of 1.13% for the day. The total traded volume was 985,926 . The stock had closed at $61.73 on the previous day.

Canadian National Railway Company (CN) is engaged in the rail and related transportation business. CNs network and connections to all Class I railroads provide its customers with access to all three North American Free Trade Agreement (NAFTA) nations. CN derives its freight revenue from seven commodity groups representing a portfolio of goods transported between a range of origins and destinations. The Companys network of approximately 20,000 route miles of track spans Canada and mid-America, from the Atlantic and Pacific oceans to the Gulf of Mexico, serving the ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans and Mobile (Alabama), and the metropolitan areas of Toronto, Buffalo, Chicago, Detroit, Duluth (Minnesota)/Superior (Wisconsin), Green Bay (Wisconsin), Minneapolis/St. Paul, Memphis, and Jackson (Mississippi), with connections to all points in North America.

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