CSX has been on our recent bullish watchlist and today seems to be testing resistance.
With the recent better than expected earnings, a gap up today, an uptrend already in place and with price dealing above all the major moving averages, this looks to be setting up for a buy.
Price is also making fresh 52 week highs which we like to see for good trend continuations. Dynamic Traders should look to apply the usual confluence of events before entering into this trade.
Good trend trading…