$CSX - WINDOW ABOVEThis $CSX has a nice window above - coming off a strong breakout day today - look for possible continuation tomorrow.
This will be at the top of my watchlist off the open to see if strength continues to enter it.
CSX trade ideas
$CSX Monthly lChimoku AnalysisPotential buy opportunity.
Price dropped & hit the 9 day moving average & reversed.
Flat 26 moving day average & lagging span indicating a breakout.
Large gap between 26 MA & 9 MA indicating MA disequilibrium
Thick lChimoku cloud indicating high buying volume.
lChimoku cloud momentum indicating an uptrend.
Price above lChimoku cloud.
$CSX Corp set to fill the gap Above Entry level $74.50 = Target price $80 = Stop loss $72.75
Indicators bullish and in upward trajectory.
Gap fill potential which could result in targeting highs for the year.
P/E ratio 17.54, very reasonable.
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.
CSX Short Based on FundamentalsNo technicals bullshit here, purely fundamental driven.
Micro
PSR is the key theme in railroads right now. Despite a lower operating ratio CSX implementing PSR isn't proving to be as effective as people think and the optimism associated has created a bubble.
Macro
Railroad data weaker YoY - Bearish - www.aar.org
Earnings Growth Positive - Bullish - But how can this be maintained with lower shipments and the current macro environment?
Cass Freight Index YoY - Bearish - public.tableau.com
Cass Freight MoM - Bearish public.tableau.com
Weather - Hurricane Dorian - CSX is exposed to disruption and potential disaster which would impact the stock, it carries 8% of hazardous chemicals through it's North & South Carolina states.
This stock is going lower as it's exposed as a buyback stock pump with no real growth in the past 2 years.
My Short Trade Idea for 07-17-2019 $CSXPlease accep my appologies, i have been travellinmg and out of the financial markets, but today i am starting to work again and i will post 1 idea every day that the market is open.
My favorite stock for today is NASDAQ:CSX , as you can see its gapping down on earnings, we are below of mosts Moving Averages, and i think that if we break 72.30, the 20 EMA on the 5 min chart we have room all the way down to a 2-3 points movement, i will look on for my entry on the break and confirmation of VWAP, the 9EMA and the 20EMA (200SMA on the Daily). Remember to manage your risk and your trade if you enter in it.
Note: This idea is for educational purposes, trade at your own risk.
$CSX CORP chart bullish despite low expectations and downgrades.Despite some concerns about freight traffic numbers and recent downgrades for NASDAQ: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.
