Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $104.00 short put and a strike $99.00 long put offers a potential 31.58% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $104.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $3.80 would be incurred if the stock dropped below the $99.00 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 52.54 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
If You Want To Be Bullish, Check Out Transportation, Says Pro Tim Anderson
Fri, 24 Apr 2015 20:34:53 GMT
Midday Glance: Railroad companies
Fri, 24 Apr 2015 17:36:52 GMT
The Zacks Analyst Blog Highlights: Norfolk Southern, CSX, Covenant Transportation Group, Saia and Ryder System – Press Releases
Fri, 24 Apr 2015 13:30:01 GMT
3 Transportation Stocks Trading at Great Values – Analyst Blog
Thu, 23 Apr 2015 15:31:03 GMT
CP Rail CEO says shareholder activism ‘overdue' at U.S. rivals
Tue, 21 Apr 2015 21:44:31 GMT
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