Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $106.00 short put and a strike $101.00 long put offers a potential 16.28% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $106.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $4.30 would be incurred if the stock dropped below the $101.00 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 61.13 level which suggests that the stock is neither overbought nor oversold at this time.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Norfolk Southern
Norfolk Southern chief financial officer to address Barclays Industrial Select Conference on Feb. 19
Fri, 06 Feb 2015 20:20:00 GMT
PR Newswire – NORFOLK, Va., Feb. 6, 2015 /PRNewswire/ — Norfolk Southern Corporation (NYSE: NSC) Executive Vice President Finance and Chief Financial Officer Marta R. Stewart will make a presentation during the 2015 …
The Incredibly Unimportant Keystone Pipeline
Mon, 02 Feb 2015 12:00:00 GMT
Norfolk Southern and Brotherhood of Locomotive Engineers and Trainmen reach new five-year collective bargaining agreement
Fri, 30 Jan 2015 22:08:00 GMT
PR Newswire – NORFOLK, Va., Jan. 30, 2015 /PRNewswire/ — Norfolk Southern (NSC) and the Brotherhood of Locomotive Engineers and Trainmen today reached a new collective bargaining agreement that continues to link engineer compensation to corporate performance through 2019. The agreement, which covers approximately 4,600 locomotive engineers, provides engineers with an annual bonus opportunity based on corporate performance and for the first time includes individual incentive opportunities based on personal performance. “The new agreement builds on our long history of collaborative problem-solving with the BLET, and it will have a positive impact on employees, our customers and the long-term success of the company,” said Norfolk Southern Labor Relations Vice President Scott Weaver. Its Norfolk Southern Railway Company subsidiary operates approximately 20,000 route miles in 22 states and the District of Columbia, serves every major container port in the eastern United States, and provides efficient connections to other rail carriers.
Norfolk Southern President James Squires to address Stifel Transportation and Logistics Conference
Tue, 27 Jan 2015 20:32:00 GMT
PR Newswire – NORFOLK, Va., Jan. 27, 2015 /PRNewswire/ — Norfolk Southern Corporation (NYSE: NSC) President James A. Squires will make a presentation during the 2015 Stifel Transportation and Logistics Conference. …
Norfolk Southern to close Roanoke office building, relocate employees
Tue, 27 Jan 2015 15:30:00 GMT
PR Newswire – ROANOKE, Va., Jan. 27, 2015 /PRNewswire/ — Norfolk Southern (NSC) today announced that it will close its Roanoke office building at 110 Franklin Road SE later this year and relocate the functions currently housed there to Atlanta or Norfolk. Norfolk Southern is in the final process of evaluating which positions will be relocated to its corporate headquarters in Norfolk, Va., or its operational headquarters in Atlanta, Ga. Some regionally oriented positions will remain in Roanoke but will move to other work locations in the area. “This will not involve any involuntary force reductions, and we will provide substantial relocation packages for those who choose to relocate,” said James A. Squires, Norfolk Southern president. “Norfolk Southern has been a proud corporate citizen of Roanoke for more than 130 years, and that will not change.
Related Posts
Also on Market Tamer…
Follow Us on Facebook