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SmarTrend Watching for Potential Rebound in Shares of Csx Corp After 2.12% Loss

By Shiri Gupta

Csx Corp (NASDAQ:CSX) traded in a range yesterday that spanned from a low of $68.72 to a high of $69.65. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $70.44 on volume of 1.6 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 $48.43 to $76.24 and is now at $69.10, 43% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 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