Thursday, September 13, 2018 12:28:39 PM
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
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