economy
January 28, 2026
A compelling chart pattern is emerging in this railroad stock
Frank Cappelleri of CappThesis walks CNBC Pro readers through the charts of this railroad stock.
TL;DR
- CSX Corporation stock has made a new 52-week high after recent earnings.
- Bullish cup-and-handle patterns are present on both daily and weekly charts.
- The daily pattern suggests an upside target near 43, while the weekly pattern indicates a target near 48.
- A stop-loss is suggested at 33.5; a move below this level challenges the bullish patterns.
- The stock is also developing within a larger five-year trading range, potentially forming a long-term continuation pattern.
- CSX has recovered from a previous downturn and is showing constructive technical developments.
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