All Blog Posts Tagged 'CSX' (16)

Transports Finally Head North

Many of the leading transportation stocks are trading higher today. This leading sector has been extremely weak since May 3, 2012. Today, the important iShares Dow Jones Transport. Avg. (ETF) (NYSEARCA:IYT) is trading higher by $1.15 to $92.41 a share. Short term traders should watch for intra-day resistance around the $92.60, and $93.10 levels. This sector was very oversold in the short term with most other sectors and due for a bounce.



Some of the leading…

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Added by Bryan Leighton on May 16, 2012 at 11:20am — No Comments

The IYT Gets Transported South

This morning, the important and highly followed iShares Dow Jones Transportation Average ETF (NYSEARCA:IYT) is trading lower by $1.84 to $91.52 a share. This is a 2.00 percent decline for the major transportation index. Traders and investors will usually follow the transport index very closely as a sign of economic growth and contraction. The daily chart of the IYT will have short term support around the $90.70 area. Short term traders can watch for intra-day support around the $91.50…

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Added by Bryan Leighton on April 23, 2012 at 10:45am — No Comments

Transports Could Be Set For Short Term Rebound

Many of the leading transportation stocks have sold off recently. The railroad stocks have been some of the sharpest decliners in the transport sector. Many of these leading stocks are now trading around short term daily chart support levels. Stocks such as Union Pacific Corp (NYSE:UNP), CSX Corp (NYSE:CSX) and Norfolk Southern Corp (NYSE:NSC) are all trading in positive territory this morning. It is important to note that all of the leading railroad stocks are now trading below the…

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Added by Bryan Leighton on March 7, 2012 at 10:25am — No Comments

Railroad Stocks Get Derailed

This afternoon, the leading railroad stocks are declining lower. Traders and investors will look to the railroad stocks and the transportation stocks as an economic barometer. When this industry group declines or trades lower it is sign that things could be slowing down in the economy. The opposite is true when this sector rallies and trades higher, it is generally a sign of economic expansion.



Leading railroad stocks such as Union Pacific Corp (NYSE:UNP), CSX…

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Added by Bryan Leighton on February 29, 2012 at 3:56pm — No Comments

Transports Struggle To Gain Traction

The transportation sector is followed closely by most every trader and investor as an economic barometer. When the transportation sector trades higher it is a sign of economic expansion and growth. The opposite is true when the transportation sector declines it is a sign of an economic slowdown and contraction.



This morning, the iShares Dow Jones Transportation ETF (NYSEARCA:IYT) is trading lower by 0.71 cents to $92.82 a share. The daily chart of the IYT is…

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Added by Bryan Leighton on February 21, 2012 at 10:39am — No Comments

Transports Tank With Apple

This afternoon, the sell off in Apple Inc (NASDAQ:AAPL) is dominating the headlines. This is the steepest decline on the major stock market indexes that we have seen since in 2012. One industry group that is dropping sharply lower is the transportation stocks. The iShares Dow Jones Transportation Index ETF is trading lower by $2.13 to $92.12 a share. This is the biggest decline on the transport index since December 19, 2012. The IYT will have intra-day support around the $92.00, and…

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Added by Bryan Leighton on February 15, 2012 at 3:58pm — No Comments

Transports Head South

This morning, the important transportation sector is declining sharply lower. The iShares Dow Jones Transportation Index (NYSEARCA:IYT) is trading down by $1.41 to $$93.40 a share. This index is followed by many institutional traders as a leading indicator. When the transports decline it is a sign of economic weakness and contraction. The opposite is true when the transports advance, it is viewed as a sign of economic expansion and growth. Traders can watch for intra-day support on the…

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Added by Bryan Leighton on February 10, 2012 at 10:53am — No Comments

Transports Fail To Participate In Rally

There is one important stock sector that is failing to participate in today's early rally, it is the transportation sector. This sector is followed closely by many traders and investors as an indication of economic expansion when it rallies and economic contraction when it declines. After all, products must be shipped and delivered, therefore, this is usually a leading indicator. This morning, the iShares Dow Jones Transportation ETF (NYSE:IYT) is declining lower by 0.50 cents to…

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Added by Bryan Leighton on January 17, 2012 at 10:30am — No Comments

Transports Go South Side Early

This morning, the iShares Dow Jones Transportation ETF (NYSE:IYT) is trading lower by $1.13 to $91.77 a share. Since December 14, 2011 the transportation index has been rising steadily higher. This is the first trading day of 2012 that the important index has come under some selling pressure. Short term traders can watch for intra-day support on the IYT around the $91.50, and $90.85 levels.



Some leading transportation stocks that are trading lower this morning…

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Added by Bryan Leighton on January 13, 2012 at 10:24am — No Comments

Transport Stocks Fail To Deliver

This morning, the leading transportation stocks are coming under some heavy selling pressure along with the major stock indexes. The iShares Dow Jones Transportation ETF (NYSEARCA:IYT) is trading lower by $1.44 to $84.88 a share. Short term traders can watch for intra-day support around the $84.75 and $83.90 levels. Many traders and investors will follow the transportation index very closely as a sign of expansion and contraction in the global economy. Obviously, the transportation…

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Added by Bryan Leighton on November 21, 2011 at 10:21am — No Comments

Transports Turn Negative

This morning, the iShares Dow Jones Transportation ETF (NYSE:IYT) has faded after a strong gap higher open. The IYT is now trading lower by 0.43 cents to $87.26 a share. Traders should watch for short term intra-day support around the $86.40 level. The transports are highly followed by many traders and investors as a leading indicator for the stock market. When the transports decline it is a sign of economic contraction. The opposite is true when the transports trade higher, it will…

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Added by Bryan Leighton on November 8, 2011 at 11:25am — No Comments

Transports Surge Early, Can They Be Trusted?

This morning, the Dow Jones Transportation Average (DJT) is surging higher by over 100.00 points to 4464.20. The iShares Dow Jones Transportation Average (NYSE:IYT) is trading higher by $2.01 to $80.69 a share. Traders and investors will usually follow the transports very closely because they will often signal economic expansion and contraction. Many traders that follow Dow Theory will also watch the transports to see if they confirm the move in the Dow Jones Industrial Average.… Continue

Added by Bryan Leighton on September 13, 2011 at 10:30am — No Comments

Transports Plummet

The highly followed Dow Jones Transportation Index is declining sharply lower again this morning. Traders can look at the iShares Dow Jones Transportation ETF(NYSE:IYT) and see that the IYT is trading lower by 3.50 percent. Whenever the transportation index declines it is often a sign of economic contraction and slowdown in global business. The IYT is still trading above its recent daily chart low made on August 23, 2011 at $75.81 a share. Should the IYT close below that important…
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Added by Bryan Leighton on September 6, 2011 at 11:03am — No Comments

Transports Sink Again

The important and highly followed transportation index is once again declining this morning. The iShares Dow Jones Transportation ETF (NYSE:IYT) is trading lower by $1.50 to $90.86 a share. The IYT has declined by over $10.00 since making a 52 week high on July 7, 2011. Many traders and investor follow the transport index very closely because this index usually represents economic growth and expansion. It is important to note that the IYT is now trading below the important 50 and 200… Continue

Added by Bryan Leighton on August 2, 2011 at 11:22am — No Comments

CSX CSX at BofA Merrill Transportation Conference reports

CSX updates volume trends at BofA Merrill Transportation Conf. Through June 4, Q2 volumes are +14% YoY vs. +13% previously (May 26 conf update) and +5% in Q1; total crew starts are +7% vs. +4% previously and (2%) in Q1... Coal volumes +10% vs. +8% previously and (13%) in Q1; exports and industrial are driving coal; Q2 Utility coal is (4%) vs. (9%) previously and (19%) in Q1; Industrial coal +43% vs. +41% previously and +8% in Q1; Export coal +80% vs. +100%… Continue

Added by ken flagg on June 16, 2010 at 7:57pm — No Comments

CSX CSX Corp beats by $0.09, beats on revs (54.92 )

Reports Q1 (Mar) earnings of $0.78 per share, $0.09 better than the Thomson Reuters consensus of $0.69; revenues rose 11.0% year/year to $2.5 bln vs the $2.38 bln consensus, with gains across most of the co's markets. The combination of higher revenues and productivity also resulted in a record first quarter operating ratio of 74.5 percent and record first quarter operating income of $634 million. "CSX drove strong efficiencies in its operations and produced… Continue

Added by ken flagg on April 13, 2010 at 4:51pm — No Comments

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