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CSX Corporation (CSX) - Buy, Sell or Hold?

Sector: Transportation   Sub-Sector: Railroads
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Wed, 04 May 2016NoneBullish EngulfingTue, 26 Apr 2016-5.35%
***Stock database and scans are updated around midnight (New York time) every trading day.
26.04 0.00 (0%) May 05 4:00pm EDT
Open: 26.20 Range: 26.00 - 26.50 Vol: 6.58M Avg Vol: 9.95M
EPS: 2.00 P/E ratio: 13.09 EBITDA: 4.80B Mkt Cap: 25.21B
Analyze "CSX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 26.95
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 26.39
Last Trade is above the 50 day moving average at 25.85
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 26.60
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CSX

Stock Trend Analysis - Buy, Sell or Hold "CSX Corporation" (CSX)?

CSX is in a very strong downtrend. For the last 52 weeks, CSX has maintained to stay firmly below the 200 day moving average for 84% of the time. Rallies will be sold into until the downtrend reverses. The 50 day moving average is however indicating a medium term trading range with a bullish upside inclination. The 20 day moving average is also in a trading range with a slight bullish bias. CSX may experience some profit taking and it is unclear how strong buying support will be for this stock as objectively, it is still in a long term downtrend with the 200 SMA currently at 26.60. Technically, there is very little reason to recommend a buy on this counter. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CSX".

The analyst consensus estimates for the 1 year price target for this stock is $27.74* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Wed, 04 May 2016
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