Warren Buffett and crew may be meeting to discuss the intricacies of their Burlington Northern acquisition but have you had a look at CSX? This is one of the other big rail stocks and it was testing last week's upside resistance breakout. Today, it gapped down big time making the entire transport sector look like it has some problems.
http://stockcharts.com/h-sc/ui?s=CSX&p=D&b=5&g=0&id=p62730791459
1 comment:
This also played out against the 618 retracement point on the weekly chart around the 49 level. Not to mention the entire rally for the most part was on declining volume.
http://stockcharts.com/h-sc/ui
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