Feb. 17 at 8:56 PM
$UNP $XLI UNP closed last week at
$260.68, holding above a key horizontal shelf defined by the 2/26/24, 9/3/24, and 1/27/25 weekly lows and remaining above the 78.6% retracement of the 10/17/22 and 3/20/23 double‑bottom rally. Momentum and RSI continue to improve on the weekly timeframe. The next potential upside target sits near the 272–273 zone, corresponding to the 3/28/22 weekly open and 3/21/22 weekly close. With RSI elevated and price approaching near‑term resistance, a conservative bull put credit spread with short strikes below 255 (the 9/3/24 open) or 252 (the strong 2/2/26 weekly close) offers a higher‑probability way to participate without chasing strength for those who entertain structured/hedged trades (not a recommendation to buy/sell but a strategy "idea"):