Time for Investors to Take the Plunge on CSX Corp. (NYSE:CSX)

Equity Research firms currently have a positive stance on shares of CSX Corp. (NYSE:CSX). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.40. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $30.41 on a short term basis.

At the time of writing, the stock was trading at $30.24. This represents a change from the opening price of -0.79%. In terms of performance, year to date, the stock is 19.73%. The monthly stock performance comes in at 7.98%. For the quarter, shares are performing at 19.30%. Weekly performance analysis shows the equity at 2.42%.

In taking a look at technical levels, shares are trading 5.76% away from the 50 day simple moving average and 16.21% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -1.18% away from it’s 52- week high and 44.75% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, CSX Corp.’s RSI stands at 65.01. In looking at volatility levels, the shares saw weekly volatility of 1.38% and 1.77% over the past month.

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