May 09, 2013 (52 Week high-lows via COMTEX) -- Canadian Pacific Railway (NYSE:CP) traded today at a new 52-week high of $132.66. So far today approximately 590,000 shares have been exchanged, as compared to an average 30-day volume of 942,000 shares.

Canadian Pacific Railway (NYSE:CP) is currently priced 10.1% above its average consensus analyst price target of $116.86. The stock should find initial support at its 50-day moving average (MA) of $124.49 and further support at its 200-day MA of $102.47.

Over the past year, Canadian Pacific Railway has traded in a range of $68.69 to $132.66 and is now at $130.06, 89% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.5%.

Canadian Pacific Railway Limited is a Class 1 transcontinental railway, providing freight and intermodal services over a network in Canada and the United States. The Company's mainline network serves major Canadian ports and cities from Montreal to Vancouver, and key centers in the United States Midwest and Northeast.

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