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Csx Corp (CSX) Crosses Pivot Point Resistance at $56.34

By Amy Schwartz

Csx Corp (NASDAQ:CSX) has opened bullishly above the pivot of $55.87 today and has reached the first level of resistance at $56.34. Investors may be interested in a cross of the next upside pivot targets of $57.10 and $58.33.

Csx Corp has overhead space with shares priced $56.03, or 11.2% below the average consensus analyst price target of $63.12. The stock should discover initial support at its 200-day moving average (MA) of $26.57 and subsequent support at its 50-day MA of $25.88.

Over the past year, Csx Corp has traded in a range of $24.43 to $60.04 and is now at $56.03, 129% above that low. The 200-day and 50-day moving averages have moved 0.41% lower and 0.58% higher over the past week, respectively.

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