Prepare for the next move in shares of CSX Corpora
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Posted On: 04/03/2017 1:19:20 PM
Prepare for the next move in shares of CSX Corporation (NASDAQ:CSX)...
After dropping off multi-year highs and putting in a bear flag, the stock is on the verge of its next leg down. Expect a sharp, quicker move this time, taking the stock to a target price of $38.00. The stock had gotten to these heights based on rumors and speculation. That is fading and so will the stock price. I am short. Note the chart below...
Stock market bear flag on shares of CSX Corporation
After dropping off multi-year highs and putting in a bear flag, the stock is on the verge of its next leg down. Expect a sharp, quicker move this time, taking the stock to a target price of $38.00. The stock had gotten to these heights based on rumors and speculation. That is fading and so will the stock price. I am short. Note the chart below...
Stock market bear flag on shares of CSX Corporation
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