It ran into congestion last summer between $24-28, and is in the same range this year. $24 is key; if it falls below $24, it'll plunge to $20. If you want safety, look at the XRE-T instead.
He owns CP, which has a better profile. Don't sell CNR, but hold.
Hit a high of $120 in Febuary 2018 and fell to $75 in December. It's now breaking resitance at $84. They just reported a 33% increase in EBITDA, and 40% increase in earnings. EPS is slightly down due to acquisitions. Estimates for this year are 24% and 48% higher next year. The Canadian Pension Board just invested in this. (Analysts’ price target is $90.73)