CSX Corporation (CSX) 2021 Q3

Purchase Info

Stock Price History

Stock Price Video

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Our View

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 long term chart for CSX shows a long-term uptrend that has been in place for a decade. The stock has made major pullbacks in 2015, 2018, and 2020. However, since the March 2020 crash, the price has shot up by over 50%. We had recommended CSX in 2020, and it has been one of our best performers. The stock is now presenting investors with another opportunity to go long. The recent retracement in May 2021 and June 2021 has brought the price close to the bottom trendline. The target is the previous peak of $34.90, while a minimum stop loss can be placed below the bottom trendline at $30.
Position entered into our long-term tracking portfolio today. The entry point is at $32.10, and stop-loss is $28.22, which is 12% below the entry point. The short-term to medium-term take profit at the top of the trend is set at $35.71, giving a profit of 11%.

Data Explained

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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