Chart of the Day - Canadian National Railway (CNI)

The "Chart of the Day" is Canadian National Railway (CNI), which showed up on Tuesday's Barchart "All-Time High" list. Canadian National Railway on Tuesday posted a new all-time high of $94.01 and closed +0.99%. TrendSpotter just turned long again last Friday at $92.09 after taking a profit two days earlier on a 2-month-long trade. In recent news on the stock, FBR Capital on Sep 7 initiated coverage on Canadian National with an Outperform and a target of $115. FBR Capital also initiated coverage on the railroad sector as a whole with an Overweight rating due to expectations for cyclical growth over the next several years and an improvement in railroad market share in the transportation sector due to improved service offerings. Canadian National Railway, with a market cap of $40 billion, operates the larger of Canada's two principal railroads and the only coast-to-coast railroad network in North America. The company's rail network serves major ports in Canada and includes strategic connections to the United States through the Chicago gateway, Detroit and other major cities.