Norfolk Southern's most recent trend suggests a bearish bias. One trading opportunity on Norfolk Southern is a Bear Call Spread using a strike $103.00 short call and a strike $108.00 long call offers a potential 20.48% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $103.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $108.00 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 28.83 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
Rail sector oil win
Fri, 12 Dec 2014 18:43:00 GMT
Taking Stock: Dorfman Says Not at Bottom For Energy
Thu, 11 Dec 2014 19:52:20 GMT
$40 billion Uber = 4 GoPro's
Fri, 05 Dec 2014 16:37:00 GMT
Balyasny starts new position in Norfolk Southern Corp.
Fri, 05 Dec 2014 13:00:41 GMT
Norfolk Southern: Key Investments, Expense Control in Focus
Thu, 04 Dec 2014 19:30:02 GMT
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