• Return to Headlines

Csx Corp Falls 1.05% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Csx Corp (NASDAQ:CSX) traded in a range yesterday that spanned from a low of $73.31 to a high of $74.12. Yesterday, the shares fell 1.0%, which took the trading range below the 3-day low of $73.65 on volume of 2.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Csx Corp on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.89. Since that recommendation, shares of Csx Corp have risen 32.7%. We continue to monitor CSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

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 52% above that low price at $73.37 per share. The 200-day and 50-day moving averages have moved 0.59% higher and 0.88% higher over the past week, respectively.

Keywords: rebounders csx corp

Ticker(s): CSX