TMCNet:  Next Support Level for CSX (CSX) is $22.68

[March 07, 2013]

Next Support Level for CSX (CSX) is $22.68

Mar 07, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of CSX (NYSE:CSX) have bearishly opened below the pivot of $23.37 today and have reached the first support level of $22.94. Should the shares continue to fall, the support pivots of $22.68 and $21.99 will be of interest.


In the past 52 weeks, shares of CSX have traded between a low of $18.88 and a high of $23.80 and are now at $23.02, which is 22% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

CSX (NYSE:CSX) has potential upside of 9.1% based on a current price of $23.02 and analysts' consensus price target of $25.11. The stock should find initial support at its 50-day moving average (MA) of $21.62 and further support at its 200-day MA of $21.51.

SmarTrend recommended that subscribers consider buying shares of CSX on January 4th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.72. Since that recommendation, shares of CSX have risen 12.0%. We continue to monitor CSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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