CSX is a leading rail freight transport company in America. It operates about 21000 miles of rail tracks across the eastern US as well as the Canadian provinces of Quebec and Ontario. CSX also has access to 70 strategic ocean, river, and lake port terminals spread out over its area of operation. CSX is known for its cost efficiency. It also has rights of way and a network of track which is impossible to replicate. CSX is a wide-moat company with bright prospects.
The 20-year monthly chart of CSX demonstrates the clear uptrend that the stock has been in over the last decade. In February 2020, the stock fell more than 25%. In April, it opened at a gap down from its March close and touched an important support level.
On the video and images above you will see the reason this stock was selected.
You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.
Once it is time to move the original stop loss up you will see an additional image.
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