RedHotStocks

$CSX CORP chart bullish despite low expectations and downgrades.

Long
NASDAQ:CSX   CSX Corporation
Despite some concerns about freight traffic numbers and recent downgrades for 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 $82
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 19.19
SHORT INTEREST 2%

COMPANY PROFILE
CSX Corp. engages in the provision of rail-based freight transportation services. Its services include rail service, the transport of intermodal containers and trailers, rail-to-truck transfers and bulk commodity operations. The company was founded in 1827 and is headquartered in Jacksonville, FL.

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