General Market Question
Is ... csx a good investment at 36.20
Asked by JER in
General Market
4 months ago
Answers
4075 points
EthanR answered 4 months ago …
Long term, yes, but the stock has almost doubled since March. That doesn't mean it can't go up some more, but it does make it a much more risky investment right now. Technically, the chart looks like a double top right now, so you would want to see it break above the recent highs to get bullish on it.
If you already have some shares, I would hold them with a tight stop loss. If you are considering buying, either wait for a 5-10% pull back, or wait for the stock to break through the recent highs.
