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Look for Shares of Csx Corp to Potentially Rebound after Yesterday's 1.83% Sell Off

By James Quinn

Csx Corp (NYSE:CSX) traded in a range yesterday that spanned from a low of $48.76 to a high of $49.69. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $49.50 on volume of 3.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Csx Corp has traded in a range of $24.43 to $55.48 and is now at $48.87, 100% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.4%.

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: rebounders csx corp

Ticker(s): CSX