Wednesday, July 17, 2019 12:55:37 PM
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
Recent CSX News
- 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
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 02:38:04 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 02:33:45 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 02:27:42 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 02:21:10 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 02:11:12 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 02:06:04 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 02:01:27 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:52:21 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:44:16 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:38:56 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:34:15 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:28:40 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/21/2024 01:24:20 AM
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