Bullish DailyPlay for Friday May 5th, 2017 – CSX Corp (CSX)
The bullish DailyPlay we chose for Friday May 5th is CSX Corp (CSX). CSX is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 2.45% move higher and its 1m and 6m trend has turned bullish on 4/20 and has recently broke above its $66 resistance level.
CSX Corp’s 1m and 6m trends turned bullish on 4/20 and recently broke above its $50 resistance level on high volume which now becomes support. With a technical score of 10 (out of 10), CSX is a strong bullish stock that looks to continue higher.
As a stop loss, if CSX was to trade below $50 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
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