CSX Corp is a railroad operating company with operations spread across the Eastern United States. The company hauls shipments of coal products, chemicals, intermodal containers, and a diverse mix of other merchandise. Price chart breaks over 7 months long consolidation channel and most probably start another leg higher if the weekly close above channel resistance. Look for long on weekly close above 55. Measured price target comes at 62.00.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.