In the weekly bar chart of UNP, below, we can see that prices have doubled in the past three years -- not bad. Prices are just now back above the cresting 40-week moving average line.
The weekly OBV line is more positive looking than the daily version above. The MACD oscillator is in a take profits mode and pointed down towards the zero line.
In this Point and Figure chart of UNP, below, we can see a potential upside price target of $178.53. This is short of a new high, however.
Bottom-line strategy: UNP may be able to rally back to the upper end of its trading range but a breakout to new highs does not seem to be in cards just yet.