Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $101.00 short put and a strike $96.00 long put offers a potential 26.58% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $101.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $96.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Norfolk Southern is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Norfolk Southern is bullish.
The RSI indicator is at 48.14 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
CP Rail CEO says shareholder activism ‘overdue' at U.S. rivals
Tue, 21 Apr 2015 21:44:31 GMT
Will Weak Coal Shipments Derail Union Pacific?
Tue, 21 Apr 2015 21:09:41 GMT
$1.5M rail extension planned for Triad industrial park
Tue, 21 Apr 2015 19:15:12 GMT
Maestri and Martinez assume new responsibilities for Norfolk Southern; Wimbush retires
Tue, 21 Apr 2015 18:30:00 GMT
PR Newswire – NORFOLK, Va., April 21, 2015 /PRNewswire/ — Bruno Maestri and Robert E. Martίnez will assume additional responsibilities for Norfolk Southern Corp. (NSC). This follows the retirement of F. Blair Wimbush, the railroad's vice president real estate and corporate sustainability officer. CEO Wick Moorman said the changes are part of Norfolk Southern's ongoing program of executive development and support the railroad's efforts to reduce its environmental footprint and expand its market opportunities.
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Tue, 21 Apr 2015 17:45:23 GMT
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