Applying Andrew's Pitchfork signals possible distribution rather than re-accumulation?
Earnings tomorrow and any negative news could result in quite a ugly drop. Currently trading within tightening rising wedge, which is not a BULLISH PATTERN.
Currently in the bump section of the bump and run, expect a run back down to the trend. Included 0.5 fib level as possible support.
Potential buy opportunity. Price dropped & hit the 9 day moving average & reversed. Flat 26 moving day average & lagging span indicating a breakout. Large gap between 26 MA & 9 MA indicating MA disequilibrium Thick lChimoku cloud indicating high buying volume. lChimoku cloud momentum indicating an uptrend. Price above lChimoku cloud.
CSX is in a bottoming formation with higher lows but consistent highs within the bottoming action. The candlesticks are now in a common compression mode with moderate volume supporting upside action.
Entry level $74.50 = Target price $80 = Stop loss $72.75 Indicators bullish and in upward trajectory. Gap fill potential which could result in targeting highs for the year. P/E ratio 17.54, very reasonable. Company profile CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of...
No technicals bullshit here, purely fundamental driven. Micro PSR is the key theme in railroads right now. Despite a lower operating ratio CSX implementing PSR isn't proving to be as effective as people think and the optimism associated has created a bubble. Macro Railroad data weaker YoY - Bearish - www.aar.org Earnings Growth Positive - Bullish - But how...
CSX Daily was trapped under 170 Hull MA prior to collapse
CSX Railroad is garbage until it bottoms in mid 2021
Please accep my appologies, i have been travellinmg and out of the financial markets, but today i am starting to work again and i will post 1 idea every day that the market is open. My favorite stock for today is NASDAQ:CSX , as you can see its gapping down on earnings, we are below of mosts Moving Averages, and i think that if we break 72.30, the 20 EMA on the...
Why CSX had high probability of failure. 34 SMA under 500 Hull
Shorted CSX a week ago... Nailed it.
Despite some concerns about freight traffic numbers and recent downgrades for NASDAQ:CSX we from technical perspective are bullish into earnings Stock has strong Momentum Positive cross in MACD and Stoch Histogram positive. RSi in bullish uptrend Increased pressure on top of ascending triangle. Full MA's support AVERAGE ANALYSTS PRICE TARGET ...
CSX worth 204 Month SMA or $24.00 a share (60% Loss Possible)