OptionsPlay DailyPlay

The bearish DailyPlay we chose for Wednesday January 20th is CSX Corp (CSX). CSX is part of the Industrials Sector (XLI). Over the last month, XLI has experienced a 8.96% move lower and it’s 1m and 6m trend turned bearish on 12/31 while breaking below its $53 support area.

CSX Corp’s 1m and 6m trends turned bearish on 1/05 and recently broke below its $24.50 support level. With a technical score of 3 (out of 10), CSX looks positioned to continue this strong bearish trend lower.

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