CSX Corp (CSX) Offering Possible 40.45% Return Over the Next 15 Calendar Days

CSX Corp's most recent trend suggests a bullish bias. One trading opportunity on CSX Corp is a Bull Put Spread using a strike $71.50 short put and a strike $66.50 long put offers a potential 40.45% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $71.50 by expiration. The full premium credit of $1.44 would be kept by the premium seller. The risk of $3.56 would be incurred if the stock dropped below the $66.50 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 68.45 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for CSX Corp

CSX Chief Executive Officer to Address Deutsche Bank Global Industrials & Materials Summit
Tue, 02 Jun 2020 14:00:10 +0000
JACKSONVILLE, Fla., June 02, 2020 — CSX Corp. (NASDAQ: CSX) President and Chief Executive Officer James M. Foote will address the 11th Annual Deutsche Bank Global Industrials.

CSX Honored with a 2020 Halo Award for Social Impact
Thu, 28 May 2020 16:15:10 +0000
CSX’s Pride in Service initiative was recognized with Engage for Good’s 2020 Gold Halo Award for Employee Engagement. The initiative was quickly embraced by employees across the company’s 23-state footprint who have shown their passion for those who serve and generously donated their time to volunteer with nonprofit partners: Blue Star Families, First Responders Children’s Foundation, Operation Gratitude, Operation Homefront and Wounded Warrior Project. “CSX is honored to be recognized by Engage for Good with this prestigious gold halo award for our Pride in Service program,” said Nathan Goldman, executive vice president and chief legal officer for CSX.

Top 1st-Quarter Buys of Steven Cohen's Firm
Wed, 27 May 2020 21:48:10 +0000
Point72 ups stake in Micron, invests in AbbVie Continue reading…

Hedge Funds Took Refuge In CSX Corporation (CSX)
Wed, 27 May 2020 17:28:17 +0000
The financial regulations require hedge funds and wealthy investors that exceeded the $100 million equity holdings threshold to file a report that shows their positions at the end of every quarter. Even though it isn't the intention, these filings to a certain extent level the playing field for ordinary investors. The latest round of 13F […]

Point72 Asset Management Buys Micron Technology, Baxter
Wed, 27 May 2020 16:16:33 +0000
Firm's largest buys of the 1st quarter Continue reading…

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