CSX Corp (CSX) Offering Possible 12.11% Return Over the Next 27 Calendar Days

CSX Corp's most recent trend suggests a bearish bias. One trading opportunity on CSX Corp is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 12.11% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock rose above the $82.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for CSX Corp is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for CSX Corp is bearish.

The RSI indicator is at 40.49 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for CSX Corp

CP Saw Second Highest Traffic Growth in Week 36
Thu, 20 Sep 2018 13:00:31 +0000
Canadian Pacific Railway (CP) remained in the spotlight in week 36. The railroad was in the second position among railroads with YoY (year-over-year) railcar traffic growth of 8.2% for the week. Kansas City Southern (KSU) remained on top with 11% gains, whereas CSX (CSX) ranked third in terms of overall railcar traffic growth.

See what the IHS Markit Score report has to say about CSX Corp.
Thu, 20 Sep 2018 12:01:32 +0000
CSX Corp NASDAQ/NGS:CSX

Intermodal Volumes Boosted CNI’s Rail Traffic Growth in Week 36
Thu, 20 Sep 2018 11:30:45 +0000
Canadian National Railway (CNI) is the number one fright rail in Canada. In week 36, the railroad’s carload traffic declined 0.9% YoY to ~62,900 railcars from ~63,400 units in the same period last year.

[$$] Union Pacific’s Cure for Congestion: Imitate a Rival
Thu, 20 Sep 2018 00:28:11 +0000
Union Pacific Corp. never hired Hunter Harrison to run its sprawling network. The railroad, which until recently had been adding locomotives and crew, plans to use less equipment in a bid to improve its financial performance and service. The strategy being implemented at Union Pacific was espoused by Mr. Harrison, who was running rival CSX Corp. when he died last December.

3 Industrial Stocks to Buy Despite China Trade Woes: Technical Analyst
Wed, 19 Sep 2018 15:33:00 +0000
In an interview with CNBC's “Fast Money” on Tuesday, Todd Gordon of TradingAnalysis.com recommended that investors buy shares of jet maker Boeing Co. ( BA), aerospace and defense company Lockheed Martin Corp. ( LMT) and rail transportation and real estate holding company CSX Corp. ( CSX). “Those [industrial] conglomerates have been very, very weak.

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