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CSX Shows Market Leadership With Jump To 81 RS Rating

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The Relative Strength ( RS ) Rating for CSX ( CSX ) entered a new percentile Wednesday, with an increase from 76 to 81.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.

Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of above 80 in the early stages of their moves.

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CSX is trading within a buy range after breaking past a 55.09 buy point in a flat base . The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..

The company reported 6% EPS growth last quarter. Revenue gains came in at 1%. Keep an eye out for the company's next round of numbers on or around Jan. 17.

The company earns the No. 4 rank among its peers in the Transportation-Rail industry group. Union Pacific ( UNP ) is the top-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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