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Shares of CSX Down 10.8% Since Downtrend Call on Shares
Dec 03, 2012 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified a Downtrend for CSX (NYSE:CSX) on September 4th, 2012 at $21.94. In approximately 3 months, CSX has returned 10.80% as of today's recent price of $19.57.
Over the past year, CSX has traded in a range of $18.88 to $23.71 and is now at $19.57, 4% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.7%.
CSX Corporation is an international freight transportation company. The Company provides rail, intermodal, domestic container-shipping, barging, and contract logistics services around the world. CSX's rail transportation services are provided principally throughout the eastern United States.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of CSX.
Log in and add CSX (CSX) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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