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SmarTrend Watching for Potential Rebound in Shares of Csx Corp After 1.05% Loss

By David Diaz

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.

In the past 52 weeks, shares of Csx Corp have traded between a low of $48.26 and a high of $76.24 and are now at $73.37, which is 52% above that low price. 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