The Chart of the Day is CSX Corp (CSX). I found the stock by sorting the All Time High list for the best technical buy signals then used the Flipchart function to review the stocks. Since the Trend Spotter signaled another buy on 10/14 the stock gained 6.78%.
CSX's unique combination of rail, container-shipping, intermodal and logistics services provides global reach that's second to none. The company's goal, advanced at each of its business units, is to provide efficient, competitive transportation and related services for customers.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 5 new highs and up 9.77% in the last month
- Relative Strength Index 67.77%
- Barchart computes a technical support level at 33.94
- Recently traded at 34.82 with a 50 day moving average of 31.68
Fundamental factors:
- Market Cap $34.81 billion
- P/E 18.39
- Dividend yield 1.87%
- Revenue expected to grow 5.20% this year and another 4..30% next year
- Earnings estimated to increase 4.40% this year, an additional 13.10% next year and continue to increase at an annual rate of 9.97% for the next 5 years.
- Wall Street analysts issued 6 strong buy, 4 buy and 17 hold recommendations on the stock
For this particular stock the 20 - 50 day MACD Oscillator has been the most consistent technical trading strategy.
