CSX Corp (CSX) Offering Possible 17.65% Return Over the Next 20 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 $69.00 short call and a strike $74.00 long call offers a potential 17.65% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $69.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $74.00 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 27.61 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for CSX Corp

CSX Corp. Announces Date for Second-Quarter Earnings Release and Earnings Call
Wed, 24 Jun 2020 14:00:10 +0000
CSX Corp. (CSX) will release second-quarter financial and operating results after the market close on Wednesday, July 22, 2020. This will be followed by a conference call and live webcast hosted by the company’s management team at 4:30 p.m. Eastern Time.

CSX Executive Vice President Ed Harris to Retire
Thu, 11 Jun 2020 20:02:10 +0000
CSX Corp. (CSX) announced today that Ed Harris, executive vice president, will retire from the company August 1, 2020. When I was entrusted to lead CSX in December 2017, the first phone call I made was to Ed Harris, because I knew that there was no better railroader to help with the transformation of CSX and guide the continued implementation of our operating model.

Edited Transcript of CSX earnings conference call or presentation 22-Apr-20 8:30pm GMT
Wed, 10 Jun 2020 19:27:04 +0000
Q1 2020 CSX Corp Earnings Call

CSX Chief Executive Officer to Address Deutsche Bank Global Industrials & Materials Summit
Tue, 02 Jun 2020 14:00:10 +0000
JACKSONVILLE, Fla., June 02, 2020 — CSX Corp. (NASDAQ: CSX) President and Chief Executive Officer James M. Foote will address the 11th Annual Deutsche Bank Global Industrials.

CSX Honored with a 2020 Halo Award for Social Impact
Thu, 28 May 2020 16:15:10 +0000
CSX’s Pride in Service initiative was recognized with Engage for Good’s 2020 Gold Halo Award for Employee Engagement. The initiative was quickly embraced by employees across the company’s 23-state footprint who have shown their passion for those who serve and generously donated their time to volunteer with nonprofit partners: Blue Star Families, First Responders Children’s Foundation, Operation Gratitude, Operation Homefront and Wounded Warrior Project. “CSX is honored to be recognized by Engage for Good with this prestigious gold halo award for our Pride in Service program,” said Nathan Goldman, executive vice president and chief legal officer for CSX.

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