The bullish "W" formation on the chart provides a fairly reliable target of 5,200. More
- Poll of the Day
Dow Jones Transportation Average (DJTA), also known as the Dow Jones Transports, is the oldest U.S. stock index still in use. Originally solely composed of railroad companies, DTJA now also includes airlines, delivery services and logistics, trucking and marine transportation stocks.
Analysts measure the Dow Jones Industrial Average (DJIA) against the DTJA to confirm the U.S. economy’s health. Some even look to transportation and shipping stocks as market forecasters.
A two-day rally in CSX Corporation (CSX) stock took place in a technically crucial juncture. Now, CSX stock finds itself in a good position. More
A violation of key inflection points would be a clear signal to move to the sidelines. More
Buyers must emerge before the key indices break through the next major support lines. More
The triple-digit decline in the Dow Jones Transportation Average can't be ignored. More