Transport Stocks Continue To Deliver

The highly followed transportation sector continues to rally this morning. This sector found a short term low on June 13, 2011, since that time the sector has rallied higher by nearly 5.0 percent. Today, the iShares Dow Jones Transportation ETFIYT is trading higher by $1.47 to $95.99 a share. The IYT will have some short term intra-day resistance around the $96.10, and 96.50 levels. Many traders and investors will follow the transportation sector very closely. When the transportation index trades higher it is usually a sign of economic growth and expansion. Some other leading transportation stocks that are trading higher include CSX Corp.CSX, FedEx Corp.FCX, and Union Pacific Corp.UNP. Nicholas Santiago InTheMoneyStocks.com