The Hourly View for CSX
At the time of this writing, CSX (Get Ratings)’s price is up $0.25 (0.26%) from the hour prior. The hourly chart shows that CSX has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 50 hour moving averages, resulting in them so that price is now turning above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
CSX’s Technical Outlook on the Daily Chart
At the time of this writing, CSX’s price is up $0.3 (0.31%) from the day prior. This is the 2nd day in a row CSX has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows CSX’s price action over the past 90 days.
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The post Csx Corp (CSX): Price Now Near $96.72; Daily Chart Shows An Uptrend on 20 Day Basis appeared first on ETF Daily News.
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