Norfolk Southern (NSC) Offering Possible 29.87% Return Over the Next 24 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 $113.00 short call and a strike $118.00 long call offers a potential 29.87% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $113.00 by expiration. The full premium credit of $1.15 would be kept by the premium seller. The risk of $3.85 would be incurred if the stock rose above the $118.00 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 below 20 which suggests that the stock is in oversold territory.

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 CORP Files SEC form 8-K, Change in Directors or Principal Officers, Amendments to Articles of Inc. o
Tue, 28 Mar 2017 14:10:34 GMT

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Thu, 23 Mar 2017 13:55:00 GMT

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Thu, 23 Mar 2017 13:05:57 GMT

Norfolk Southern's 2016 Annual Report highlights commitments met to lower costs, increase profitability, improve service, and enhance shareholder value
Wed, 22 Mar 2017 12:05:00 GMT
PR Newswire – NORFOLK, Va., March 22, 2017 /PRNewswire/ — Norfolk Southern today posted its 2016 Annual Report online, highlighting success at achieving first-year goals in the railroad's five-year strategic plan to streamline operations, drive profitability and growth, and enhance shareholder value. In the report, titled “Delivering On Our Commitments,” CEO Jim Squires tells shareholders that the company finished the year “a stronger, faster, lower-cost, and more profitable railroad.” Through the continued successful execution of its strategic plan, Norfolk Southern met or exceeded the company's targets to lower operating costs and increase profitability while improving customer service, “putting us well on our way to achieving our 2020 goals,” Squires said.

Is NSC’s Intermodal Volume Growth Keeping Pace with Peers?
Tue, 21 Mar 2017 13:07:04 GMT

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