Short trade in CSX CORPORATIONGot a short trade in CSX corporation as per my 15 min breakout strategy. Read my pick for the day- 5 Stocks To Sell And 2 Stocks To Buy Today-Day Trading Ideas-NASDAQ
CSX trade ideas
[CSX] phase 3 -> SellThe price is under 30MM and the RSI is going down. If the price break the support, it'll be in phase 4.
$CSX - long over the 50 SMA.Slowly preparing for a move higher. If you follow and go long use the 50 SMA as support.
$CSX - getting close to the trend line meaning it will move$CSX - historically always when this stock has hit the 50 SMA it moved higher. 50 SMA is a general trend line. Keep a close eye.
$CSX the 50 SMA test is the entry. $CSX getting close to the 50. Historically this chart moves higher when it tests the trend resitance.
The 'Force' Is Strong With The BearsContinuous long marabozus to average and short bear trade hours this session
$CSX buyGood momentum and solid price action says this is a buy imho. A houly close back into the longterm channel or a break in momentum would prompt me to terminate the trade.
Entry about 61.00 *2018 SUMMER OUTLOOK*if not already in it from previous entry,
I want a strong close above 61...
CSX long possibilityCSX idea is daily bull flag, odds for bounce from 10sam support area, monthly upside continuation, 60 min triangle breakup and weekly continuation after consolidation bar. On the weekly chart we can see one big green bar and after that smaller bar (previous week and consolidation bar). So, I will use that consolidation weekly bar what result with daily flag for long possibility.
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Long IdeaCSX Corp is a railroad operating company with operations spread across the Eastern United States. The company hauls shipments of coal products, chemicals, intermodal containers, and a diverse mix of other merchandise. Price chart breaks over 7 months long consolidation channel and most probably start another leg higher if the weekly close above channel resistance. Look for long on weekly close above 55. Measured price target comes at 62.00.
OPENING: CSX JULY 28TH 50.5/53/56/58.5 IRON CONDOR... for a .99 credit.
Metrics:
Probability of Profit: 50%
Max Profit: $99/contract
Max Loss/Buying Power Effect: $151/contract
Break Evens: 52.01/56.99 (Slightly wide of expected move)
Delta: -3.55
Theta: 4.77
Notes: Will look to manage at 50% max.
6.13.2017 Trade Idea: CSXIf you are interested in more of our trades, check out our profile and Tradingview Indicator @ChaoticTrader
