martes, 6 de mayo de 2014

CSX Stock analysis and forecast. Trading Idea. Last Price $27.98 05/07/2014

CSX Stock analysis and forecast. Trading Idea. Last Price $27.98 05/07/2014

Hi Everybody. Today I weant to talk about CSX. This company is a transportation supplier.
Let´s see some fundamentals.
CSX is now rolling with a P/E= 15.54 and it has got an EPS=1.80

During the last two years this company has decreased its sales growth dramaticaly. Let´s see the numbers:
Average sales growth last 4 years= +7.45%
Last year 2013= 2.30%
year 2012= 0.11%
The net income growth for this company in 2013 was 0.27% compared with a 2.03% in 2012.
Let´s analyze the Chart:


The price is now developing the V Elliot wave inside a downtrend serie. As you can see the price is moving inside a box in a flat pattern. The price broke the upside trendline in the last 3 sesions. And it´s pribably the stock will probably go lower thant today.
The MACD is below zero and below it´s signal in a flat pattern.
The RSI crossed the 50% level on April the 24th and is bouncing at the 50% level in a downtrend. Actually is at 46% in a flat pattern too.
The Stochastic is flat in the Day Chart however if you see the weekly Chart the stochastic is going down.
Despite the stock drew a bullish engulfing pattern during the last sesion I can´t recomend you to buy this stock.
My recomendation is to wait until the price reach the buy range of [26.01;26.83] Near the first support level. Actually the stock is near a resistance.
Supports and resistances:
S1:26.83 S2:25.79 R1:28.33 R2:29.17
The targets once the stock will reached this buy range are:
Tg1:$28.46
Tg2:$29.12
Obiously we would make another analysis when the stock reach the buy range.
Please, remember to click on some ads before you leave this blog in order to keep it running, thank you :)