Norfolk Southern's most recent trend suggests a bearish bias. One trading opportunity on Norfolk Southern is a Bear Call Spread using a strike $175.00 short call and a strike $185.00 long call offers a potential 18.34% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $175.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $8.45 would be incurred if the stock rose above the $185.00 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 56.32 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
The 5 Non-Oil Stocks Most Exposed to Oil’s Crash
Wed, 14 Nov 2018 20:20:00 +0000
Norfolk Southern, Emerson Electric and LyondellBasell are among the non-energy companies with relatively high correlations to the price of oil.
LATAM Airlines' October Traffic Rises, Load Factor Down
Wed, 14 Nov 2018 14:27:02 +0000
Strong demand for air travel boosts LATAM Airlines' (LTM) October traffic. However, load factor declines as capacity expansion outpaces traffic growth.
SkyWest (SKYW) October Block Hours Fall, Load Factor Down
Wed, 14 Nov 2018 14:25:02 +0000
SkyWest (SKYW) posts decline in October block hours, which is in sync with fleet transition plans. Also, fall in load factor is a concern.
Norfolk Southern could occupy new Midtown HQ by 2021
Wed, 14 Nov 2018 04:32:19 +0000
A Norfolk Southern team is working with Cousins Properties to design the new headquarters building, Patti Carroll, assistant vice president of real estate with the transportation company, told members of the Invest Atlanta finance committee.
UPS Workers Avoid National Strike Post Labor Deal Approval
Mon, 12 Nov 2018 14:56:02 +0000
The ratification of the labor deal prevents freight workers at UPS from going on strike and crippling operations.
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