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Shares of CSX, 3 Other Railroad Stocks Are in Danger of Derailing

2015-03-06 18:42:28| Railroads - Topix.net

The daily chart for the transportation ETF shows a sideways-to-down pattern that began with the all-time intraday high of $167.80 set on Nov. 28. The 200-day simple moving average provided a buying opportunity between Oct. 10 and Oct.16 when this average was at $141.32. The important level to hold is the 50-day SMA at $161.07 as a close below this average indicates risk to the 200-day SMA now at $153.87.

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Category:Transportation and Logistics

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