What is impressive on the chart below is that CSX (CSX) has multiple bullish patterns, the best one being a morningstar pattern (circled). We also see a bullish "W" and a bull flag, and with money flow positive there is some upside to be had.
Moving average convergence divergence (MACD) is on a buy signal here, so let's see if CSX can catch up to the others. A gap at $54 is just ahead, while all-time highs are not far off either.
This commentary was originally sent to subscribers of Trifecta Stocks on Sept. 21. Click here to learn more about this dynamic portfolio and market information service.