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Railroad Stocks Fall Off The Track $CSX
Today, most of the leading railroad stocks are declining sharply lower after a very weak earnings report from CSX Corp (NYSE:CSX). The company said it expects revenue to fall by as much as 2.0% in 2019. Prior to this report, the company was forecasting an increase of 1.0 to 2.0%. Currently, CSX stock is declining lower by $8.52 (-10.50) to $71.05 a share. CSX stock is now trading below its 200-day moving average, this puts the stock in a weak technical position. Traders and investors must now watch for further downside in the coming days and weeks ahead. The next major support level for CSX stock will be around the $65.00 area. This level is where the 100-week moving average is currently and should be defended when tested. Other railroad stocks that are falling in sympathy to CSX Corp include Norfolk Southern Corp (NYSE:NSC), Union Pacific Corp (NYSE:UNP) and Kansas City Southern (NYSE:KSU).
Nicholas Santiago
InTheMoneyStocks
Bear Flag Breakdown Alert: CSX Corp $CSX
Shares of CSX Corp (CSX) just broke down from a bear flag formation. This signals sharp leg lower on the stock, culminating with a target of $64.50. A bear flag is a classic technical setup and formed following a reversal candle off all-time highs on CSX Corp. The break below the flag pattern triggers the next leg lower. See it in the chart below.
Gareth Soloway
InTheMoneyStocks
Short Trade: CSX Corp $CSX Hits Major Resistance On Earnings Pop
Shares of transportation company CSX Corp (CSX) jumped over 6% on earnings. However, the move took the stock into an upper-band trend line which has continued to cause pullbacks through the last few years. This implies this upside move in CSX Corp will be short lived and swing traders may actually want to short the stock here at $68.75. The downside target calculation signals a move to $60.00 in the coming months.
Gareth Soloway
InTheMoneyStocks
$CSX Corp (CSX) Falls On Earnings, Here Is The Downside Target Price...
Shares of CSX Corporation (NASDAQ:CSX) fell after the transport stock reported earnings that beat Wall Street expectations. Does it sound weird, it is falling on an earnings beat? Upon a closer look, some accounting maneuvers allowed for that beat. If you back out those shady dealings, CSX Corporation actually missed earnings. This explains why it is falling. Being a technical chart trader, I have been bearish on CSX Corporation. I just cannot make sense of a railroad stock trading at a 30 P/E ratio. Are we living in the late 1800's? On a technical chart basis, CSX Corporation had a significant breakdown today. The stock gapped below the daily 20, 50 moving averages as well as a major trend line (seen in the chart below). This signals further downside is very likely. I have a $47 target penciled in, and should be achieved within the next month or so. Once at $47, CSX Corporation should see a solid bounce higher.
Gareth Soloway
InTheMoneyStocks
Transport Sector Dumps, Is This A Warning Sign?
This morning, leading transportation stocks such as CSX Corporation(NASDAQ:CSX) and United Continental Holdings Inc(NYSE:UAL) are declining sharply after reporting earnings. These two transportation giants are putting pressure on the highly followed iShares Dow Jones Transport. Avg. (ETF)(NYSEARCA:IYT) which is trading lower by 1.40 percent today. Many traders and investors will track the transportation sector as a leading indicator for the overall market. At this time, the transport sector is still in an up-trend as it remains above its 50-day moving average on the daily chart. So today's decline is simply nothing more than a pullback at this time. This moving average is very important for the trend and is watched by many institutional traders. A daily chart close below the 50-day moving average could signal trouble for the transportation sector and the overall stock market.
Nicholas Santiago
InTheMoneyStocks
CSX Corp trading at a 19% premium prior to earnings Tuesday:
Fair Value Analysis
$CSX Time to invest in Transportation. ..
$CSX CSX Corp Chart
http://pamphletshop.com
CSX news just out.
CSX (NYSE: CSX) Chief Financial Officer Fredrik Eliasson today reviewed the company's quarter-to-date volume and service performance and reaffirmed second quarter and full-year 2015 earnings expectations at the Deutsche Bank Global Industrials & Basic Material Conference in Chicago.
Eliasson also reviewed the company's decade of strong financial performance, during which CSX expanded margins more than 1,600 basis points and delivered average annual growth in earnings per share of 20 percent. This performance was achieved while managing through a significant decline in the company's coal business, historically its most profitable market.
http://stockpumpers.blogspot.com/2015/06/csx-cfo-updates-volume-expectations-and.html
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http://www.csx.com/share/wwwcsx_mura/assets/File/Home/Videos/CSX-CO2-Calculator_1.wmv
CSX Corp.
500 Water Street
15th Floor
Jacksonville, FL 32202
United States - Map
Phone: 
904-359-3200
Fax: 804-782-1409
Web Site: http://www.csx.com
CSX Corporation, together with its subsidiaries, provides rail-based transportation services in North America. The company offers traditional rail service, and the transport of intermodal containers and trailers. It also provides coast-to-coast intermodal transportation services linking customers to railroads, through trucks and terminals. CSX Corporation transports crushed stone, sand and gravel, metal, phosphate, fertilizer, food, consumer, agricultural, paper, and chemical products. In addition, it delivers coal, coke, and iron ore to electricity generating power plants, as well as finished vehicles and auto parts. The company also engages in the real estate sale, leasing, acquisition, and management and development activities; and the operation of a resort. As of December 26, 2008, it operated approximately 21,000 route mile rail network, 4,143 locomotives, and 224,000 freight car fleet serving various population centers in 23 states east of the Mississippi River, the District of Columbia, and the Canadian provinces of Ontario and Quebec. The company was founded in 1978 and is based in Jacksonville, Florida.
http://investors.csx.com/phoenix.zhtml?c=92932&p=irol-irhome
https://www.facebook.com/OfficialCSX http://charts.stockscores.com/chart.asp?TickerSymbol=CSX&TimeRange=400&Interval=d&Volume=1&ChartType=CandleStick&ChartWidth=830&ChartHeight=500&LogScale=None&Band=BB&avgType1=EMA&movAvg1=50&indicator1=MACD&candles=redgreen https://twitter.com/CSX 
https://www.youtube.com/user/HowTomorrowMoves
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