The CSX stock price opened at $37.66 but quickly moved to $37.90, tracking gains in the Dow Transportation index. Freight capacity utilization is trending higher, and railroad fuel cost pressures have eased. Moving averages show bullish alignment, with the 20-day moving above the 50-day, a signal often preceding mid-term rallies. Meanwhile, the company did a commendable job at curbing expenses, which led to a smaller drop in earnings compared to expectations. Net earnings came in at $829 million, down 13.9% year-over-year, yet its EPS of $0.44 surpassed the consensus estimates by 4.8%. While CSX currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. The CSX stock price now stands at $38.10, driven by higher crude oil transport contracts. Market breadth within the transportation sector is positive, lending additional momentum. Candlestick analysis reveals multiple bullish engulfing patterns over the past week, often a precursor to sustained short-term rallies.