CSX Corp (CSX) Offering Possible 26.05% Return Over the Next 27 Calendar Days

CSX Corp's most recent trend suggests a bearish bias. One trading opportunity on CSX Corp is a Bear Call Spread using a strike $97.50 short call and a strike $105.00 long call offers a potential 26.05% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $5.95 would be incurred if the stock rose above the $105.00 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 28.35 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for CSX Corp

AAR's Bullish Traffic Data Supports U.S. Railroads' Recovery
Thu, 17 Jun 2021 17:51:05 +0000
Tailwinds like buoyant freight revenues and cost curtailment bode well for the railroads like Union Pacific (UNP), CSX and Norfolk Southern (NSC).

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Thu, 17 Jun 2021 07:55:51 +0000
Today we'll do a simple run through of a valuation method used to estimate the attractiveness of CSX Corporation…

Hedge Funds Cashing Out Of CSX Corporation (CSX)
Wed, 16 Jun 2021 20:42:42 +0000
In this article we will take a look at whether hedge funds think CSX Corporation (NYSE:CSX) is a good investment right now. We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, unconventional data sources, expert networks, and get tips from […]

Top Railroad Stocks for Q3 2021
Tue, 15 Jun 2021 14:09:18 +0000
The railroad industry is one of the major components of the transportation sector and is closely tied to the economy's growth. Railroad companies operate vast networks that transport agricultural products, packaged foods, commodities, electronics, and other goods to companies and consumers. Major companies in the industry include Union Pacific Corp. (UNP), Norfolk Southern Corp. (NSC), and CSX Corp. (CSX).

CSX Announces Senior Leadership Changes
Mon, 07 Jun 2021 13:00:00 +0000
JACKSONVILLE, Fla., June 07, 2021 (GLOBE NEWSWIRE) — CSX Corp. (NASDAQ: CSX) today announced the appointments of Mark K. Wallace as executive vice president of CSX, Kevin S. Boone as executive vice president of sales and marketing, and Sean R. Pelkey as vice president and acting chief financial officer. In his new role, Mr. Wallace will focus on special projects and initiatives supporting the president and chief executive officer. Mr. Wallace continues to receive treatments for cancer but remai

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