Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $94.50 short put and a strike $89.50 long put offers a potential 21.95% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $94.50 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock dropped below the $89.50 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 79.91 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
[$$] Uphill Ride for Canadian Pacific-Norfolk Southern Deal
Fri, 27 Nov 2015 04:43:44 GMT
The Wall Street Journal – Before it can get on the rails, Canadian Pacific Railway Ltd.’s proposed acquisition of Norfolk Southern Corp. has some difficult terrain to traverse.
[$$] Dealpolitik: Canadian Pacific Deal Faces Steep Uphill Grade
Fri, 27 Nov 2015 04:43:44 GMT
The Wall Street Journal – Before it can get on the rails, Canadian Pacific Railway’s proposed acquisition of Norfolk Southern has some difficult terrain to traverse.
Hedge Funds Are Buying Health Care REIT, Inc. (HCN)
Thu, 26 Nov 2015 19:37:28 GMT
Huge Hurdles, Upside in Proposed Rail Megamerger
Wed, 25 Nov 2015 16:30:37 GMT
Will Antitrust Problems Endanger Canadian Pacific Bid for Norfolk Southern?
Wed, 25 Nov 2015 14:23:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook