Shares of CSX Corp (CSX) are up nearly 100% since their March 2020 lows. This move has been huge even with a limited rebound in economic activity. In fact, the stock is trading near its pre-COVID-19 highs (when the economy was VERY STRONG) even though we are still down huge on GDP. This gives investors a chance to short the stock.

There is a CSX strong sell short opportunity at $79.70, a gap fill from the prior pre-COVID high. This is a technical level worth paying attention to. There will be a likely retrace of the nearly 100% move to (at a minimum) $70. This represents an over 10% easy swing trade for investors.

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