CSX trade ideas
CSX It better not Disappoint. Earnings tomorrow and any negative news could result in quite a ugly drop.
Currently trading within tightening rising wedge, which is not a BULLISH PATTERN.
CSX Bump and Run!Currently in the bump section of the bump and run, expect a run back down to the trend. Included 0.5 fib level as possible support.
$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 Bottoming FormationCSX is in a bottoming formation with higher lows but consistent highs within the bottoming action. The candlesticks are now in a common compression mode with moderate volume supporting upside action.
$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.
brschultz Rule#4: 170 Hull Often Traps & Signals PeakCSX Daily was trapped under 170 Hull MA prior to collapse
CSX Railroad is garbage until it bottoms in mid 2021CSX Railroad is garbage until it bottoms in mid 2021
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.
Why CSX had high probability of failure. 34 SMA under 500 HullWhy CSX had high probability of failure. 34 SMA under 500 Hull
$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.
CSX worth 204 Month SMA or $24.00 a share (60% Loss Possible)CSX worth 204 Month SMA or $24.00 a share (60% Loss Possible)
CSX Gaps and Holds Above Prior Resistance LevelsCSX Corporation completed its intermediate-term bottom with a gap up to a new consolidation price level. The stock has not filled this smaller gap at this time.
$CSX CSX COPR continued pricing power and demand. CSX is in the sweet spot, it has high demand on its services which in turn produces pricing power, coupled with restructuring and new cost efficiency measures it is a compelling investment.
CSX move upA potential move up for CSX. Ensure Entry stop orders are above $72.90 and SL to be below support.
SSB Grads: This trade is an example of a special entry where altho our MA are inverted, price is above our MA which makes it valid.
