CSX Corp (CSX) Offering Possible 15.74% Return Over the Next 10 Calendar Days

CSX Corp's most recent trend suggests a bullish bias. One trading opportunity on CSX Corp is a Bull Put Spread using a strike $70.50 short put and a strike $65.50 long put offers a potential 15.74% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.50 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $65.50 long put strike price.

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

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

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for CSX Corp

Should You Buy Apple Now? Plus, A Look At 4 Other Bullish Charts
Sun, 05 Aug 2018 22:04:36 +0000
Apple leads five top stocks to watch that are in or near buy range and showing relative strength. CSX, Ross Stores, Zoetis and PerkinElmer are also triggering a bullish technical signal.

Report points to lapse in key data in Mississippi bus crash
Fri, 03 Aug 2018 21:46:38 +0000
JACKSON, Miss. (AP) — More than a year after a train slammed into a bus stuck on a railroad crossing on the Mississippi Gulf Coast and killed four Texas tourists, investigators report that local officials and the railroad, CSX Corp., were well aware the crossing was a trouble spot, but the information does not appear to have been reflected in the GPS mapping program the bus driver used.

CSX Corporation Declares Quarterly Dividend
Fri, 03 Aug 2018 18:00:00 +0000
Today, the Board of Directors of CSX Corporation (CSX) approved a $0.22 per share quarterly dividend on the company's common stock. CSX, based in Jacksonville, Florida, is a premier transportation company.  It provides rail, intermodal and rail-to-truck transload services and solutions to customers across a broad array of markets, including energy, industrial, construction, agricultural, and consumer products.  For nearly 190 years, CSX has played a critical role in the nation's economic expansion and industrial development.  Its network connects every major metropolitan area in the eastern United States, where nearly two-thirds of the nation's population resides.  It also links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns alike.

Options Traders Expect Huge Moves in CSX Corporation (CSX) Stock
Wed, 01 Aug 2018 14:07:02 +0000
CSX Corporation (CSX) needs investors to pay close attention to the stock based on moves in the options market lately.

CSX Followed Norfolk Southern’s Volume Gains in Week 29
Wed, 01 Aug 2018 13:02:00 +0000
In Week 29, Eastern US railroad company CSX Corporation (CSX) followed rival Norfolk Southern (NSC) in terms of total rail traffic growth. CSX’s overall rail traffic jumped 7.9% YoY (year-over-year) in the week, while NSC remained on top with an 8.9% YoY gain in total rail traffic.

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