CSX CORP
(CSX-NYSE):
Technical Viewpoint: From a low
of $28.80 on Mar 25, 2004 prices
rallied, reaching a
high of $30.67
on Apr 2, 2004. A
decline saw prices pull back, reaching a
low of
$29.28 on Apr 6, 2004.
Another rally saw prices penetrate
resistance, closing 4/28/04
at $31.73. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Apr 23, 2004 when the Histogram crossed the "0" line to the upside.
Support: Remains at $29.25. Resistance: Is at $32.25.
Point & Figure: Reversed to the upside on Apr 28, 2004. A P&F upside
reversal takes place at $30.00. Summary: Technical indicators have turned bullish. BUY! CSX Corp
(CSX-NYSE) @ $31.88 Stop: Use a protective stop of $29.88.
CSX Corp is currently trading @ $31.73 plus $1.36 on Apr 28, 2004. Price Objective:
$44.00. Risk/Reward: $2.00 VS. $12.12. Today's Risk Reward Ratio: 6:1
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