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This Railroad Giant Is Breaking Down

Published 09/13/2018, 02:31 PM

CSX Corporation (NASDAQ:CSX) is getting hit from a bear-flag formation. This signals a sharp leg lower on the stock, culminating with a target of $64.50. A bear flag is a classic technical setup and forms following a reversal candle off all-time highs, which then leads to the next leg lower. See it in the chart below.

CSX Corporation

Latest comments

Proven wrong yet again! CSX is now above your precious bear flag.
You make this call even as the IYT Transportation ETF chart is breaking out in a massively bullish way. Try seeing the bigger picture... if you can, that is!
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