The bullish DailyPlay for Friday, September 18th is CSX Corp (CSX). CSX has experienced a 5.8% gain over the past month and its 1M and 6M trends turned bullish on August 4th.
- Made significant margin expansion with a 12% reduction in headcount.
- Good history of effective cash-flow management during recessions
- Earnings Oct 21st in 33 days
Technical View – IV Rank 15%
- Recently pulled back to 20 D EMA and bounced higher with strong momentum
- Bullish 1M and 6M trend with strong relative strength
- Debit Spread risks just 3.5% of the stock’s price to play for a breakout