When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. CSX is one stock that just reached the mark, now earning a score of 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research reveals that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
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CSX is trying to complete a flat base with a 38.11 entry. See if the stock can break out in heavy trading. Also of note, on a MarketSmith daily chart, the stock is showing a Blue Dot. This means the Relative Strength line is at a new high.
CSX posted 20% earnings growth in its most recent report. Sales rose 21%.
CSX stock holds the No. 2 rank among its peers in the Transportation-Rail industry group. Norfolk Southern also among the group's highest-rated stocks.
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