CSX Retests Support
By Johns Wu on Dec 14, 2006
CSX, CSX Corp, has a bullish chart, but this railroad stock was
knocked off the track yesterday when Beare-Stearns
downgraded it to “sector perform” from “sector outperform.”
That brought CSX right back to the station of support, an
excellent place to buy any stock. A buy here with a
1st target of $37.90, and a second target of a
whopping $57 is in order!
This entry was posted on Thursday, December 14th, 2006 at 8:14 am and is filed under Annotated Analysis.
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2 Responses to “CSX Retests Support”
By Steve on December 14th, 2006 at 8:35 pm
Yessir. Buy support; sell resistance.
Look at chart on CHAP and watch to play it both ways.
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Nice call on this stock, if we could just play these bounces everyday we would all be rich