Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 14.94% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $95.00 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 39.77 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
Cramer: We have an investable bottom
Fri, 17 Oct 2014 22:25:00 GMT
As clock winds down, CP Rail's Harrison hunts for his dream deal
Fri, 17 Oct 2014 16:44:27 GMT
NORFOLK SOUTHERN CORP Files SEC form 8-K, Entry into a Material Definitive Agreement
Fri, 17 Oct 2014 15:19:33 GMT
Pershing Square's Ackman says some railway deals pro-competitive
Thu, 16 Oct 2014 16:08:15 GMT
Reuters – The founder of hedge fund Pershing Square Capital Management said on Thursday that Canadian Pacific Railway's chief executive believes some consolidation in the rail industry could improve competition. …
The Zacks Analyst Blog Highlights: CSX, Kansas City Southern, Norfolk Southern and Union Pacific
Wed, 15 Oct 2014 13:32:07 GMT
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