Market Overview

CSX Chugs Higher After Q1 Report


CSX Corporation (NASDAQ: CSX) shares trading higher by $1.09 (4.5 percent) at $26.08 in Wednesday's session. The Street is content with its Q1 inline EPS report along with a slight revenue miss.

In the first 15 minutes of the session, it found support right between Tuesday's close ($24.99) and Tuesday's high ($25.12), reaching $25.07 before turning higher.

The ensuing rally has found resistance in between the pair of highs from March 30 ($26.46) and March 31 ($26.28) and is attempting to close in the $26 handle. It hasn't done so since March 30, when it ended the session at $26.30.

Posted-In: Technicals Intraday Update Movers Trading Ideas


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