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Next Support Level for CSX (CSX) is $22.68
[March 07, 2013]

Next Support Level for CSX (CSX) is $22.68

Mar 07, 2013 (SmarTrend(R) News Watch via COMTEX) -- Shares of CSX (NYSE:CSX) have bearishly opened below the pivot of $23.37 today and have reached the first support level of $22.94. Should the shares continue to fall, the support pivots of $22.68 and $21.99 will be of interest.

In the past 52 weeks, shares of CSX have traded between a low of $18.88 and a high of $23.80 and are now at $23.02, which is 22% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

CSX (NYSE:CSX) has potential upside of 9.1% based on a current price of $23.02 and analysts' consensus price target of $25.11. The stock should find initial support at its 50-day moving average (MA) of $21.62 and further support at its 200-day MA of $21.51.

SmarTrend recommended that subscribers consider buying shares of CSX on January 4th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $20.72. Since that recommendation, shares of CSX have risen 12.0%. We continue to monitor CSX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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