The full article is here in the Wall Street Journal:
And while this is potentially good news for CSX, the stock was already approaching my target sell price of $40 before this news. With this announcement, the stock is up over 18.5% today, priced around $43.60 per share, and presents a great selling opportunity.
I sold my entire position today, almost a 2X sized position, and locked in a gain since purchase of roughly 115%.
Here is a FastGraph of CSX BEFORE today's price gain of over $6/share:
I'll move CSX to my watch list because I like the company, and put a target buy price on the stock of $27 per share.
That's all for now,