Norfolk Southern's most recent trend suggests a bearish bias. One trading opportunity on Norfolk Southern is a Bear Call Spread using a strike $90.00 short call and a strike $95.00 long call offers a potential 17.65% return on risk over the next 4 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $90.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $95.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Norfolk Southern is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for Norfolk Southern is bearish.
The RSI indicator is at 27.42 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
[$$] Canadian Pacific President Sees Lighter Chicago Rail Traffic With Norfolk Southern
Fri, 11 Dec 2015 22:55:47 GMT
Buffett's BNSF May ‘Participate' In CP-Norfolk Battle
Fri, 11 Dec 2015 21:50:00 GMT
Norfolk Southern Said to Woo Holders to Blunt Ackman M&A Bid
Fri, 11 Dec 2015 18:02:22 GMT
Buffett's BNSF Open to Bid for Norfolk to Challenge CP's Offer
Thu, 10 Dec 2015 23:36:22 GMT
[$$] Norfolk Southern’s Resistance to Rival’s Bid May Lead to Proxy Fight, Ackman Says
Wed, 09 Dec 2015 05:12:13 GMT
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