Stock Message Boards
Dividend Channel
Market News Video Dividend Detective The Warren Buffetts Next Door Stock message boards
Free Dividend Report - Top Ranked Stocks

Featured MNV Articles:

IYT, FDX, UNP, KEX: ETF Inflow Alert
Thursday, September 18, 10:53 AM ET, by Market News Video Staff

Symbols mentioned in this story: IYT, FDX, UNP, KEX Exchange traded funds (ETFs) trade just ...

Top Buys by Directors: Smisek's $792.4K Bet on UAL
Friday, September 19, 1:22 PM ET, by Market News Video Staff

The directors of a company tend to have a unique inside view into the business, ...

CSX May 2015 Options Begin Trading
Monday, September 22, 11:50 AM ET, by Market News Video Staff

Investors in CSX Corp. (CSX) saw new options begin trading today, for the May 2015 ...

J.B. Hunt Transport Services Enters Oversold Territory
Wednesday, September 24, 4:01 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

Relative Strength Alert For GATX Corp.
Thursday, September 25, 12:48 PM ET, by Market News Video Staff

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, ...

  More articles:  1 2 3 4 5 6 7 next »

Top Quartile Ranked Dividend Stock CSX Enters Oversold Territory

By Dividend Channel Staff, Thursday, November 15, 5:03 PM ET
Play Video: Learn About The RSI


If the video does not load after a few moments, Upgrade to the Latest Flash Player.

The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics strong fundamentals and a valuation that looks inexpensive. CSX Corp. (NYSE:CSX) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.

But making CSX Corp. an even more interesting and timely stock to look at, is the fact that in trading on Thursday, shares of CSX entered into oversold territory, changing hands as low as $19.20 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In the case of CSX Corp., the RSI reading has hit 29.7 by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 34.1. A falling stock price all else being equal creates a better opportunity for dividend investors to capture a higher yield. Indeed, CSX's recent annualized dividend of 0.56/share (currently paid in quarterly installments) works out to an annual yield of 2.86% based upon the recent $19.59 share price.

A bullish investor could look at CSX's 29.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on CSX is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.


Special Offer: Add income and energy exposure to your portfolio with a 30 day free trial to Frank Bifulco's Oil & Gas Income Portfolio

According to the ETF Finder at ETF Channel, CSX makes up 4.60% of the iShares Dow Jones Transportation Average Index Fund ETF (AMEX:IYT) which is trading lower by about 0.4% on the day Thursday.

See what other ETFs contain CSX
See what other stocks are held by IYT


This Article's Word Cloud:   Average   Channel   Corp   Definition   Dividend   ETFs   Fund   Importance   Index   Jones   Relative   Strength   Thursday   What   afterLeftLabels   below   better   bullish   changing   chartBackgroundColor   coverage   currently   dividend   escape   fillColor   formula   heavy   history   interesting   investors   judging   look   most   movingAverages   other   oversold   price   reading   recent   share   stock   stocks   technical   territory   that   trading   universe   what   which   yield

Top Quartile Ranked Dividend Stock CSX Enters Oversold Territory | www.DividendChannel.com | Copyright © 2010 - 2014, All Rights Reserved

Nothing in Dividend Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and dividend videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Dividend Channel; Meet Our Editorial Staff.