CSX Corp (CSX) Offering Possible 8.93% Return Over the Next 33 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 $32.50 short put and a strike $27.50 long put offers a potential 8.93% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $32.50 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $27.50 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 57.94 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for CSX Corp

[$$] Canadian Pacific, CSX End Merger Talks
Tue, 21 Oct 2014 04:36:19 GMT
The Wall Street Journal – Canadian Pacific said it ended merger talks with CSX but warned that problems plaguing the industry will only worsen if railroads don’t take action immediately.

Three Big Cap Leaders Remain In Buy Range
Mon, 20 Oct 2014 22:47:00 GMT

IBM and CSX are big market movers
Mon, 20 Oct 2014 20:30:27 GMT

Nasdaq Extends Gains; Apple, Chipotle Rise Pre-Earnings
Mon, 20 Oct 2014 17:21:00 GMT

3 Stocks Dragging In The Transportation Industry
Mon, 20 Oct 2014 17:17:00 GMT

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