Rail Traffic Continues To Show Strength (NSC, CSX, UNP)

A chart seen at Value Plays shows that the rail traffic has rebounded from the previous week, and that the gains came from the U.S. I reiterate that this continues to be beneficial for stocks like CSX Corp. CSX, Union Pacific UNP and Norfolk Southern NSC. CSX was upgraded yesterday by Goldman Sachs, and had a $63 price target put on it. The rails have been consolidating recently, moving in a $2 or $3 range, despite worries about the broader recovery. To me, this indicates that these worries are far overblown, and investors would be wise to listen to the charts and the fundamentals of the company, and not some talking head on TV. Disclosure: no position