CSX: buy trade under management, +26% since entry
CSX gains 4.9% on heavy buying but hits the same wall near 53
CSX: buy trade under management, +26% since entry
Our view last week
CSX pushed once more toward a fresh high, testing the 51.3 area, only to close the week with another firm rejection, right against the daily upper Bollinger Band. Money flow, though, keeps accelerating into accumulation, and CSX's earnings land this very week. In this week's CSX technical analysis, the trade keeps running north of 20% since entry.
This week's summary
CSX closes the week with a 4.9% jump, its widest move in a month, backed by volume that was almost entirely on the buy side (96%). But price runs into the same wall it hit last week: a fresh 7-day high in the 53.4 area, rejected again right against the daily upper Bollinger Band. In this week's CSX technical analysis money flow keeps accelerating into accumulation for a fourth straight week, and the trade remains an open buy under management, now more than 26% in the money since entry.
IQS Phase
79
in tension
Signal Strength
33
medium · weak
Sizing
REDUCED
Ranking
#107 / 124
US stocks in progress
Trade P&L %
+26.02%
from signal to today
Rank position
ranks 107th among the 124 Longs already running for US stocks in our ranking, with a signal strength of 33 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
CSX belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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