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

By Amy Schwartz

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.

Csx Corp share prices have moved between a 52-week high of $76.24 and a 52-week low of $48.43 and are now trading 43% above that low price at $69.10 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has remained constant.

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