Harry Aloof
04-23-2007, 03:16 PM
From Wall Street Trader's Column (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
CSX CORP (CSX-NYSE): Technical Viewpoint: From a low of $35.46 on Mar 5, 2007 prices rallied, reaching a high of $38.25 on Mar 9, 2007. A decline saw prices pull back, reaching a low of $35.70 on Mar 14, 2007. Another rally saw prices penetrate resistance line "A", closing 3/16/07 at $40.11. Technicals: MACD Index (MACD): A Buy Alert! was given on Mar 16, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $36.00. Resistance: Is at $40.79. Point & Figure: Reversed to the upside on Mar 16, 2007. A P&F downside reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! CSX CORP (CSX-NYSE) @ $40.50 Stop: Use a protective stop of $38.50. CSX CORP is currently trading @ $40.11 plus $2.33 on Mar 16, 2007.
Price Objective: $52.50
Risk/Reward: $2.00 VS. $12.00
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2130-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)
CSX CORP (CSX-NYSE): Technical Viewpoint: From a low of $35.46 on Mar 5, 2007 prices rallied, reaching a high of $38.25 on Mar 9, 2007. A decline saw prices pull back, reaching a low of $35.70 on Mar 14, 2007. Another rally saw prices penetrate resistance line "A", closing 3/16/07 at $40.11. Technicals: MACD Index (MACD): A Buy Alert! was given on Mar 16, 2007 when the solid line crossed the dotted line to the upside. Support: Remains at $36.00. Resistance: Is at $40.79. Point & Figure: Reversed to the upside on Mar 16, 2007. A P&F downside reversal takes place at $37.00. Summary: Technical indicators have turned bullish. BUY! CSX CORP (CSX-NYSE) @ $40.50 Stop: Use a protective stop of $38.50. CSX CORP is currently trading @ $40.11 plus $2.33 on Mar 16, 2007.
Price Objective: $52.50
Risk/Reward: $2.00 VS. $12.00
Today's Risk Reward Ratio: 6:1
http://18004wallstreet.com/images/charts/Chart2130-lrg.gif (http://18004wallstreet.com/hotoffticker/goto.cfm?userid=72&banid=6&price=0&ipadd=70.49.60.219&type=banner&aff_type=S&hotoffticker=0)