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CSX Corporation

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CSX trade ideas

CSX in Buy ZoneMy trading plan is very simple. I buy or sell when at three of these events happen: * Price tags the top or bottom of parallel channel zones * Money flow spikes beyond it's Bollinger Bands * Stochastic Momentum Index (SMI) at near oversold overbought level * Price at Fibonacci levels So... Here's why I'm picking this symbol to do the thing. Price in buying zone at bottom of channels Stochastic Momentum Index (SMI) at oversold level Money flow momentum is spiked negative and under bottom of Bollinger Band Entry at $30.88 Target is upper channel around $32.50
NASDAQ:CSXLong
by chancethepug
possible buying opportunity appoarchingHey everyone, this stock recently caught my attention, so I decided to take a closer look and see if there's an opportunity here. Below, I used ChatGPT to give me a quick analysis of the stock and to examine the reasons behind its decline over the past year. My plan is to buy in (DCA - Options) as we approach a yearly trendline that has stayed intact, aiming for another run-up to test the $38 ATH (all-time high). CSX stock has faced several challenges over the past year, leading to a decline in its price. Here are some key reasons for this decline: Financial Performance: CSX reported lower revenues and earnings for the first quarter of 2024. Revenue totaled $3.68 billion, down 1% year-over-year, while operating income decreased by 8% compared to the same period in 2023. Net earnings also fell to $893 million from $987 million in the previous year​ (CSX.com - Home)​​ (MarketBeat)​. Economic Factors: The company's performance has been impacted by broader economic conditions, including lower fuel surcharge revenue, reduced export coal prices, and weaker trucking revenue. These factors have offset gains in merchandise pricing and higher intermodal and coal volumes​ (CSX.com - Home)​. Market Sentiment: CSX's stock has decreased by about 4% since the start of 2024, reflecting a cautious sentiment among investors regarding the company's ability to navigate these challenges​ (MarketBeat)​. Bull Case Scenarios: Market Position : CSX is a major player in the rail transportation industry, which is essential for the movement of goods across North America. This provides a stable base for its operations. Growth in Intermodal and Coal Volumes: The company has seen growth in intermodal volume (up 7%) and coal volume (up 2%), which could continue to drive revenue in the future​ (CSX.com - Home)​. Investments in Technology and Infrastructure: CSX has been investing in technology and infrastructure to improve efficiency and service quality, which can enhance profitability in the long run​ (MarketBeat)​. Bear Case Scenarios: Regulatory and Economic Risks: CSX operates in a highly regulated industry and is vulnerable to economic downturns. Regulatory compliance and economic conditions can pose significant risks to its operations​ (MarketBeat)​. Competitive Pressure: The company faces competition from other transportation providers, which could impact its market share and profitability​ (MarketBeat)​. Operational Risks: CSX's operations are subject to risks such as accidents, natural disasters, and labor disputes, which can disrupt its business​ (MarketBeat)​. Investing in CSX involves weighing these factors and considering how the company's strategic initiatives and market conditions may evolve.
NASDAQ:CSXLong
by justwannalivetv
2
Possible wave tradeI follow a long term trend analysis based on a tutorial published by @TradeWithParas, so naturally I suggest you refer to his idea for a longer term swing. But inside this analysis there should be some wave to wave trades. Currently I see consolidation between the 50 and 200 moving avgs, a break of the 200 could get pushed to the 34.50 area. As a stop, don't let it get too far away from the 50. If it plays nice, that could be 80 cents or more profit, 12 cents risk roughly at current price. If it hits 34.50 and bounces down, that would be creating an upside down head and shoulders.
NASDAQ:CSXLong
by ONDPOT
📈#CSX Catch it if you can!Hey guys, just like yesterday with NYSE:ALK on my previous post, this is a great setup that might take off once the market opens. But you might also have a chance to catch this bullish move. Currently, there is a clear impulse with a healthy correction shaped like a flag to the 50% retracement level. There also is a lower degree impulse with a correction that is breaking out of the larger degree trend line with bullish structure as confirmation.
NASDAQ:CSXLong
by optimizedtrading
Where There is Smoke, There is Fire | CSX Short 🚂Classic short setup for CSX railroad here. It just so happens other railroads are also showing bearish formations with imminent resolution - most likely to the downside - ahead. Remember: we are at 3.6% unemployment - a rate that has remained historically unsustainable, and elusive if not unattainable - for the last 75 years. Combining the "large-time-frame" bearish formation of CSX and the current status of the long-run labor market, I think we have a strong case for a weak aggregate demand. Not to mention, oil has been selling off for a year, despite higher unemployment. So... what gives?
NASDAQ:CSXShort
by ChiefMacro