Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $110.00 short put and a strike $105.00 long put offers a potential 23.46% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $110.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock dropped below the $105.00 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 61.42 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
Norfolk Southern becomes member of the Campbell Institute for environmental, health, and safety leadership
Fri, 19 Dec 2014 14:42:00 GMT
PR Newswire – NORFOLK, Va., Dec. 19, 2014 /PRNewswire/ — In recognition of its environmental, health, and safety (EHS) leadership, Norfolk Southern (NYSE: NSC) has been accepted for membership in the Campbell Institute …
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Balyasny starts new position in Norfolk Southern Corp.
Fri, 05 Dec 2014 13:00:41 GMT
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