CSX CORP
(CSX-NYSE):
Technical Viewpoint: From a low
of $35.46 on Mar 5, 2007 prices
rallied, reaching a
high of $38.25
on Mar 9, 2007. A
decline saw prices pull back, reaching a
low of
$35.70 on Mar 14, 2007.
Another rally saw prices penetrate
resistance, closing 3/16/07
at $40.11. Technicals: MACD Index (MACD): A Buy Alert!
was given on Mar 16, 2007 when the solid line crossed the dotted line to the upside.
Support: Remains at $36.00. Resistance: Is at $40.79.
Point & Figure: Reversed to the upside on Mar 16, 2007. A P&F upside
reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! CSX CORP
(CSX-NYSE) @ $40.50 Stop: Use a protective stop of $38.50.
CSX CORP is currently trading @ $40.11 plus $2.33 on Mar 16, 2007. Price Objective:
$52.50. Risk/Reward: $2.00 VS. $12.00. Today's Risk Reward Ratio: 6:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$52.50
Risk/Reward:
$2.00 VS. $12.00
Risk/Reward Ratio:
6:1
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