CSX Corp ( CSX) has soared higher today as it beat expectations for their Q3 earnings. The stock has leapt to a new 52-week high and a new all-time high so let's check out the charts. 
In this daily bar chart of CSX, below, we can see that price traded sideways since April meeting selling resistance in the $34-$35 area a number of times. Price managed to gap above the $34-$35 zone today on what is probably going to be heavy volume.
The On-Balance-Volume (OBV) line got a head start on the buying and has been rising all month. The moving averages have turned higher. The Moving Average Convergence Divergence (MACD) oscillator turned bullish earlier this month when it crossed above the zero line.
In this weekly candlestick chart of CSX, below, it does not (yet) show the strength today but we can see the longer-term trend which is bullish. The weekly OBV line is turning up and the MACD oscillator has crossed to the upside for a fresh buy signal.
In this daily Point and Figure chart of CSX, below, we can see the breakout trade at $34.96 and the $47 price target.
In this weekly Point and Figure chart of CSX, below, we used close only price data and the software is generating a $69 price target.
Bottom line strategy: CSX may not pullback to fill the gap so traders should do some buying at current levels. Risk to $33. $47 and then $69 are our price targets.
