[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.
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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