CSX Corp. stock trades under the ticker CSX & has shown recent bullishness that traders & investors should take a closer look into.
CSX stock closed at $32.00/share on 6/1/2022.
CSX Corp. CSX Stock’s Technical Performance Broken Down
CSX Stock Price: $32.00
10 Day Moving Average: $31.42
50 Day Moving Average: $34.23
200 Day Moving Average: $34.21
RSI: 43.77
MACD: -0.781
Yesterday, CSX stock completed a bullish MACD crossover, trading on higher than average volume compared to the year prior.
Their RSI is still on the oversold side of neutral, after gapping down a couple of weeks ago, signaling that there may be more momentum to come in the near-term.
They will need to break above the $32.257, $32.51 & $32.90/share resistance levels as they continue to climb higher.
CSX Corp. CSX Stock As A Long-Term Investment
Long-term focused investors will like CSX stock’s P/E (ttm) of 17.58, but may find their 5.1 P/B (mrq) to be a bit higher than they would like.
They recently reported 21.3% Quarterly Revenue Growth Y-o-Y, with 21.7% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require additional research, with $2.03B of Total Cash (mrq) & $16.81B in Total Debt (mrq).
CSX stock pays a 1.2% dividend yield, which looks sustainable in the long-term, as their payout ratio is 21.55%.
76.42% of CSX stock’s outstanding share float is owned by institutional investors.
CSX Corp. CSX Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to profit from movements in CSX stock’s price, while hedging against broader market volatility.
I am looking at the contracts with the 6/17 expiration date.
The $29.17, $30 & $30.83 call options all look appealing, although the former is the only strike price with over 1,000 contracts of open interest.
The $33.33, $33 & $32.50 put options also are worth looking into, with the $33 strike being the only sub-3,000 level open interest level of the three strike prices.
Tying It All Togther
CSX stock has many attributes that traders & investors are sure to like.
Investors will like their valuation & dividend yield, but may want to dig deeper into their balance sheet before beginning or adding to a position.
Traders will like their current momentum, and will be pleased with the liquidity of their options.
All-in-all, CSX stock is worth taking a closer look at to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF CSX AT THE TIME OF PUBLISHING THIS ARTICLE ***