CSX Corp's most recent trend suggests a bearish bias. One trading opportunity on CSX Corp is a Bear Call Spread using a strike $26.00 short call and a strike $31.00 long call offers a potential 7.3% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $26.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock rose above the $31.00 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 below 20 which suggests that the stock is in oversold territory.
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LATEST NEWS for CSX Corp
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CSX CORP Files SEC form 8-K, Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer
Thu, 10 Dec 2015 11:02:18 GMT
CSX Corporation to Transfer Stock Exchange Listing to Nasdaq
Wed, 09 Dec 2015 21:07:06 GMT
noodls – JACKSONVILLE, Fla., Dec. 9, 2015 /PRNewswire/ — CSX Corporation (NYSE: CSX) announced today that the company will voluntarily transfer its stock exchange listing from the New York Stock Exchange to The …
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