CSX Corp: Time to Take Some Profits?

The shares of railroad company CSX Corp. CSX, which I first wrote about on May 1, 2009 at a price of $30.56, have surged through $60 and $70 resistance levels, and now obviously would be a good time to consider taking some profits, if you're near $30 with CSX. However, those investors who can tolerate the risk can maintain their full position with CSX, as there's more upside ahead. Look for CSX's 2011 revenue to increase 6% to 8%, after a nearly 18% surge in 2010. Volumes should rise 5% to 7% this year, and overall prices for transport services should rise, albeit with some softness in selected price categories. Any above-trend U.S./global GDP growth rates will improve CSX's performance. Continue reading the article.