Eagle Bulk has now traded through the 50-day moving average of $5.94. If shares can get above $8.70 it could run to $10 or higher.

Atlas Air has found some support at around $11 a share. This stock could be setting up to make a run back to the 50-day moving average of $16.49.

Union Pacific is breaking above the 50-day moving average at $46.32.. Watch for this stock to take out $52 and then $54.66 for more signs of a bullish run higher.

Canadian National Rail has moved up above the 50-day moving average at $35.17 a share. This stock could be setting up to make a run back to $41.23 or possibly higher. A conformation of a run higher could be confirmed if the stock trades through short term resistance at $37.05.

The chart of Genco Shipping is looking very bullish. Volume is expanding on the up days and shares are now coming up to previous resistance at around $19-to-$20 a share. If it gets above that level, the stock could be setting up to run back to $23.50 a share or even higher.

Paragon Shipping is another good looking transportation chart. Shares of PRGN have found support at the 50-day moving average and look set to run back to $9 a share or higher. Conformation of a bullish run will be confirmed if the stock takes out near term resistance at $6.30-to-$7 a share.