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Wednesday, July 19, 2017 12:17:13 PM
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.
![](http://www.inthemoneystocks.com/images/IYT%207.19.17.png)
Nicholas Santiago
InTheMoneyStocks
Recent CSX News
- CSX Earns Top Disability Equality Index® Score, Named "Best Place to Work" for Sixth-Straight Year • GlobeNewswire Inc. • 07/16/2024 04:30:00 PM
- CSX Corporation Declares Quarterly Dividend • GlobeNewswire Inc. • 07/10/2024 08:01:00 PM
- CSX Corporation Announces Date for Second Quarter Earnings Release and Earnings Call • GlobeNewswire Inc. • 07/08/2024 09:48:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 08:03:46 PM
- CSX Named One of America’s 2024 Climate Leaders by USA TODAY • GlobeNewswire Inc. • 05/30/2024 02:05:02 PM
- CSX Honors 53 Customers with 30th Annual Chemical Safety Excellence Award • GlobeNewswire Inc. • 05/23/2024 05:00:00 PM
- CSX and Wounded Warrior Project Honored with 2024 Gold Halo Award for Best Employee Engagement Initiative • GlobeNewswire Inc. • 05/17/2024 03:45:26 PM
- CSX Executive Vice President and Chief Financial Officer to Address Wolfe Research Global Transportation & Industrials Conference • GlobeNewswire Inc. • 05/15/2024 08:01:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 05/13/2024 08:10:32 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 05:39:53 PM
- CSX Corporation Declares Quarterly Dividend • GlobeNewswire Inc. • 05/08/2024 08:01:00 PM
- Anne Chow Elected to CSX Board of Directors • GlobeNewswire Inc. • 05/08/2024 05:30:42 PM
- CSX Executive Vice President and Chief Commercial Officer to Address Bank of America Transportation, Airlines and Industrials Conference • GlobeNewswire Inc. • 05/02/2024 08:02:00 PM
- CSX Announces 2024 Customer Environmental Excellence Award Winners • GlobeNewswire Inc. • 04/22/2024 06:00:00 PM
- TSMC Revenue Rises 13% in Q1, Alcoa Exceeds EBITDA Expectations Despite Loss, and More Earnings News • IH Market News • 04/18/2024 11:14:18 AM
- CSX Corp. Announces First Quarter 2024 Results • GlobeNewswire Inc. • 04/17/2024 08:01:00 PM
- US Index Futures See Gains, Oil Prices Dip • IH Market News • 04/17/2024 10:59:02 AM
- CSX Unveils Its First Hydrogen-Powered Locomotive in Collaboration with CPKC • GlobeNewswire Inc. • 04/16/2024 06:16:44 PM
- CSX Adds Fourteen Rail Served Properties Across Eight States to Select Site Program • GlobeNewswire Inc. • 04/15/2024 06:30:00 PM
- CSX Corporation Announces Date for First Quarter Earnings Release and Earnings Call • GlobeNewswire Inc. • 03/27/2024 02:00:00 PM
- CSX Commits $10 Million Donation to Museum of Science & History’s Move to the Northbank • GlobeNewswire Inc. • 03/26/2024 04:30:00 PM
- CSX Chief Executive Officer to Address JP Morgan Industrials Conference • GlobeNewswire Inc. • 03/06/2024 03:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 09:16:27 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 09:01:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 09:32:56 PM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM
Avant Technologies Welcomes Back Former CEO with Eye Toward Future Growth and Expansion • AVAI • Jul 17, 2024 8:00 AM