CSX Corp (CSX) – Full Steam Ahead – September 18th, 2020

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. 

Fundamental View

  • 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