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Csx Corp (CSX) Breaks Through Resistance at $70.03

By James Quinn

Shares of Csx Corp (NASDAQ:CSX) opened today above their pivot of $69.31 and have already reached the first level of resistance at $70.03. Should the shares continue to rise, the resistance pivots of $71.28 and $73.25 will be of interest.

Csx Corp share prices have moved between a 52-week high of $76.24 and a 52-week low of $48.26 and are now trading 46% above that low price at $70.54 per share. The 200-day and 50-day moving averages have moved 0.53% higher and 0.16% higher over the past week, respectively.

Csx Corp (NASDAQ:CSX) defies analysts with a current price ($70.54) 7.7% above its average consensus price target of $65.09. The stock should hit resistance at its 50-day moving average (MA) of $73.60, as well as support at its 200-day MA of $63.49.

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: pivot alerts csx corp

Ticker(s): CSX