CSX Corp's most recent trend suggests a bearish bias. One trading opportunity on CSX Corp is a Bear Call Spread using a strike $35.00 short call and a strike $40.00 long call offers a potential 16.28% return on risk over the next 40 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $35.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock rose above the $40.00 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 34.71 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for CSX Corp
Cheaper Fuel Works on CSX Railroad
Tue, 13 Jan 2015 05:08:35 GMT
The Wall Street Journal – Ahead of the Tape: Surcharges should give the railroad operator’s results some welcome, if fleeting, energy.
Trading Progress Software, CSX and KB Home Ahead of Earnings
Mon, 12 Jan 2015 18:41:00 GMT
Street Talk: FDX, CSX, STZ, DRI & DKS
Tue, 06 Jan 2015 19:30:00 GMT
Time to buy transports?
Tue, 06 Jan 2015 18:15:00 GMT
CSX downgraded by UBS
Tue, 06 Jan 2015 16:27:29 GMT
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