CSX Corp's most recent trend suggests a bearish bias. One trading opportunity on CSX Corp is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 15.74% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock rose above the $41.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for CSX Corp is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for CSX Corp is bearish.
The RSI indicator is at 34.34 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CSX Corp
CSX Creates Opportunities For Increased Cross-Border Trade With New Intermodal Terminal In Montreal
Tue, 16 Dec 2014 19:16:38 GMT
noodls – JACKSONVILLE, Fla., Dec. 16, 2014 /PRNewswire/ — CSX (NYSE: CSX) announced the opening of a new intermodal terminal in Salaberry-de-Valleyfield near Montreal, Quebec. The facility expands CSX's intermodal …
CSX Creates Opportunities For Increased Cross-Border Trade With New Intermodal Terminal In Montreal
Tue, 16 Dec 2014 19:00:00 GMT
PR Newswire – JACKSONVILLE, Fla., Dec. 16, 2014 /PRNewswire/ — CSX (CSX) announced the opening of a new intermodal terminal in Salaberry-de-Valleyfield near Montreal, Quebec. The facility expands CSX's intermodal network capacity and offers Canadian customers domestic and international service that connects with the railroad's 21,000 mile network in the United States. “CSX continues to invest in our intermodal business as a key growth driver and we look for long-term opportunities, such as increased north-south trade access outlined by the North American Free Trade Agreement,” says Clarence Gooden, Executive Vice President and Chief Commercial Officer at CSX. The $100 million terminal, which spans 89 acres, includes cutting-edge equipment to capitalize on the efficiency and environmental benefits of intermodal rail transportation, such as three state-of-the-art rubber-tire gantry cranes – the first of their kind at an Eastern Canadian intermodal facility.
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