Bearish DailyPlay for Wednesday January 20th, 2015 – CSX Corp (CSX)
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.