CSX Corporation (CSX) just flashed a golden cross.
The bulls need to break the key resistance area near the January highs.
“If” they are able to do this, IYT might follow to the upside also.
CSX is a 4.23% holding in IYT.
The golden cross (technical formation when the 50-day moving average rises above 200-day) can be used as a filter to help narrow down the field. Next, use the Seven Steps to Better Stock Trading to evaluate the sentiment and price action. Better yet, sign up for The Select 20 Stock Picks or use my free Total Indicator for eSignal.