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CSX Stock Safe to Ride Again After 'Black Monday' Derailment

NEW YORK (TheStreet) -- If you've been trading CSX (CSX - Get Report) based on the technical indicators of the railroad company's daily and weekly charts, you know things are going a lot better than they were in July.

CSX had been trading above a bullish "golden cross" indicator since March 8, 2013, when its short-term moving average broke above its long-term moving average. After seeing an all-time high in November, things changed. Shares were derailed by a "death cross" technical indicator -- where the short-term average went below the long-term average -- in July. A 52-week low was reached on...


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