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Bearish Moving Average Cross by Csx Corp (CSX)

By Shiri Gupta

Today, shares of Csx Corp (NYSE:CSX) have crossed bearishly below their 10-day moving average of $49.48 on a volume of 1.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Csx Corp has traded in a range of $24.43 to $55.48 and is now at $49.12, 101% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Csx Corp and will alert subscribers who have CSX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses csx corp

Ticker(s): CSX