CSX (CSX) NewsBite - CSX Upgraded By Stifel Nicolaus
Posted: Tuesday, February 09, 2010 12:34 PM EDT
By: Market Intelligence Center Staff
CSX (CSX) was upgraded today by analysts at Stifel Nicolaus and the stock is now at $43.48, up $0.97 (2.28%) on volume of 2,905,595 shares traded. Stifel Nicolaus upgraded the stock today to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $20.70 in March to a high of $52.83 in January. CSX stock has been showing support around $41.52 and resistance in the $44.30 range. Technical indicators for the stock are bullish and S&P gives CSX a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on CSX the stock seems like it could be a candidate for a May out-of-the-money bull-put credit spread below the 35 range. [ABR-Seven Summits Strategic Investments NewsBite]
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