Norfolk Southern (NSC) Offering Possible 18.34% Return Over the Next 36 Calendar Days

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 36 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 61.64 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 could occupy new Midtown HQ by 2021
Wed, 14 Nov 2018 04:32:19 +0000
A Norfolk Southern team is working with Atlanta real estate company Cousins Properties Inc. 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.

Allegiant (ALGT) Posts Solid October Traffic, Load Factor Up
Mon, 12 Nov 2018 14:04:02 +0000
Solid demand for air travel boosts Allegiant's (ALGT) October traffic. Load factor improves on the back of traffic growth outweighing capacity expansion.

See what the IHS Markit Score report has to say about Norfolk Southern Corp.
Mon, 12 Nov 2018 13:01:35 +0000
Norfolk Southern Corp NYSE:NSC

The Zacks Analyst Blog Highlights: Alibaba, Mondelez, Norfolk, Petrobras and Sprint
Mon, 12 Nov 2018 12:13:12 +0000
The Zacks Analyst Blog Highlights: Alibaba, Mondelez, Norfolk, Petrobras and Sprint

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