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contributing website
![]() Join Date: Oct 2006
Posts: 154
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From Wall Street Trader's Column
CSX CORP (CSX-NYSE): Technical Viewpoint: From a low of $35.46 on Mar 5, 2007 prices rallied, reaching a high of $38.25 on Mar 9, 2007. A decline saw prices pull back, reaching a low of $35.70 on Mar 14, 2007. Another rally saw prices penetrate resistance line "A", closing 3/16/07 at $40.11. Technicals: MACD Index (MACD): A Buy Alert! was given on Mar 16, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $36.00. Resistance: Is at $40.79. Point & Figure: Reversed to the upside on Mar 16, 2007. A P&F downside reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! CSX CORP (CSX-NYSE) @ $40.50 Stop: Use a protective stop of $38.50. CSX CORP is currently trading @ $40.11 plus $2.33 on Mar 16, 2007. Price Objective: $52.50 Risk/Reward: $2.00 VS. $12.00 Today's Risk Reward Ratio: 6:1
Last edited by Thierry Martin; 04-24-2007 at 11:41 AM. |
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