CSX Corp's most recent trend suggests a bullish bias. One trading opportunity on CSX Corp is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 11.11% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $30.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for CSX Corp is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for CSX Corp is bullish.
The RSI indicator is at 71.84 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for CSX Corp
Canadian Pacific Question: To Merge Or Not To Merge?
Fri, 24 Oct 2014 21:41:00 GMT
CSX's Michael Ward Explains How Railroads Drive the Global Economy
Fri, 24 Oct 2014 13:00:00 GMT
Stronger Markets Can Be Heard in Unlikely Places: Opening Line
Fri, 24 Oct 2014 09:56:11 GMT
Video: Union Pacific Continues Upward Locomotion
Thu, 23 Oct 2014 16:34:00 GMT
CSX CORP Financials
Wed, 22 Oct 2014 17:04:08 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook