Many of the railcar stocks are experiencing back orders for their railcars as railroad lines look to upgrade and expand their aging fleet.

The Chart of the Day is Canadian Pacific Railway (CP). I found the stock by sorting today's New High List of new high frequency in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 4/22 the stock gained 15.90%.

June E-mini S&Ps (ESM14 +0.08%) this morning are down -0.04% as prices consolidate gains following Wednesday's rally to a record high.