JC Parets’ Chart Alerts | Trade Stocks

Chart Alerts

Actionable insights from the world’s most data-driven market analyst.

Featuring Author JC Parets, Founder of All Star Charts

CSX Corporation (CSX)

Hey there, We’re seeing some great sector rotation going on as money flows out of technology and the NASDAQ and into industrials Specifically, intro transportation. The relative strength in the transportation index is solid right now. There’s lots of opportunities here, but one stock stands out in particular;  CSX Corporation (CSX). Csx has been a favorite for our clients for years now… Love the liquidity here. But more importantly, I absolutely LOVE the risk vs reward here. We are long above $76. Below $76, we’re just sitting and watching, but above that number, we want to be long, with a price target of $94 as rotation gets into transports. That’s it for this week. See you then! Til next week, …

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