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Bearish Moving Average Cross by Csx Corp (CSX)

By Nick Russo

Today, shares of Csx Corp (NASDAQ:CSX) have crossed bearishly below their 10-day moving average of $56.65 on a volume of 941K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Csx Corp share prices have moved between a 52-week high of $60.04 and a 52-week low of $24.43 and are now trading 131% above that low price at $56.52 per share. 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