May 10, 2013 (Pivot alerts via COMTEX) -- Shares of CSX (NYSE:CSX) opened today above their pivot of $25.25 and have already reached the first level of resistance at $25.41. Investors may be interested in a cross of the next upside pivot targets of $25.48 and $25.71.
Over the past year, CSX has traded in a range of $18.88 to $25.74 and is now at $25.42, 35% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.3%.
CSX (NYSE:CSX) is currently priced 1.0% above its average consensus analyst price target of $25.16. The stock should find initial support at its 50-day moving average (MA) of $24.01 and further support at its 200-day MA of $22.04.
CSX Corporation is an international freight transportation company. The Company provides rail, intermodal, domestic container-shipping, barging, and contract logistics services around the world. CSX's rail transportation services are provided principally throughout the eastern United States.
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