The charts and indicators of CSX Corp. (CSX) look bullish. Let's check the signals on the tracks.
In this updated daily bar chart of CSX, below, we can see that prices have been trading higher the past twelve months. CSX is above the rising 50-day moving average line as well as the bullish 200-day average. The daily On-Balance-Volume (OBV) line shows a long rise which is bullish along with the recent new highs of this simple indicator. The Moving Average Convergence Divergence (MACD) oscillator is above the zero line but the two moving averages that make up this indicator have narrowed and could cross to the downside for a take profits sell signal.
In this weekly bar chart of CSX, below, we can see a long and durable uptrend from late 2015. Prices are above the rising 40-week moving average line but some may consider it extended. The weekly OBV line has made a new high to confirm the new price highs and the weekly MACD oscillator is bullish.
In this Point and Figure chart of CSX, below, we can see an upside price target of near $86.
Bottom line strategy: CSX might see a short-term limited correction but it is just part of a normal bull move. The rally looks in good shape as long as support around $64 is not broken. $86 is our next upside price target.