CSX had its Relative Strength (RS) Rating upgraded from 65 to 73 Wednesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves. See if CSX can continue to show renewed price strength and clear that threshold.
CSX is working on a cup without handle with a 37.10 entry. See if it can break out in heavy volume.
CSX reported negative growth for both sales and earnings last quarter. CSX is expected to report its next quarterly numbers on or around Jul. 23.
CSX earns the No. 2 rank among its peers in the Transportation-Rail industry group. Norfolk Southern is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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