Norfolk Southern (NSC) Offering Possible 36.99% Return Over the Next 14 Calendar Days

Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $141.00 short put and a strike $136.00 long put offers a potential 36.99% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $141.00 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock dropped below the $136.00 long put 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 up which suggests that the medium-term momentum for Norfolk Southern is bullish.

The RSI indicator is at 64.48 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 receives American Chemistry Council award as industry-leading partner in responsible chemical transport
Mon, 30 Apr 2018 15:30:00 +0000
NORFOLK, Va., April 30, 2018 /PRNewswire/ — Norfolk Southern (NSC) today received the American Chemistry Council's Responsible Care® Partner of the Year award for its exemplary performance and safety record in the transport of chemical products. Norfolk Southern was one of three companies and the only freight railroad to receive the ACC's premier partner award. “Norfolk Southern is fully dedicated to rail industry leadership in the safe and sustainable transport of chemical goods, and we thank the American Chemistry Council for this recognition,” said Executive Vice President and Chief Operating Officer Mike Wheeler.

Comparing Norfolk Southern’s Railcar Traffic in Week 16
Fri, 27 Apr 2018 20:55:02 +0000
Eastern US rail carrier Norfolk Southern‘s (NSC) carload traffic rose 4.6% YoY (year-over-year) in Week 16. Excluding intermodal, the company’s rail traffic rose YoY from ~68,600 units to ~71,700.

Union Pacific to Miss 2019 Operating Margin Target, Stock Dives
Thu, 26 Apr 2018 19:25:34 +0000
The United States’ number-one rail freight carrier, Union Pacific (UNP), announced its 1Q18 earnings today. The company’s adjusted EPS (earnings per share) came in at $1.68, whereas Thomson Reuters–surveyed analysts expected $1.66. Union Pacific beat analysts’ adjusted EPS estimate by a narrow margin of 1.2%.

Norfolk Southern Stock Is Leaving the Station
Thu, 26 Apr 2018 14:34:00 +0000
in early December, noting that, “Prices are pointed up but some bearish divergences persist. With some hindsight we can see now (chart below) that prices moved higher into early January and then finally the bearish divergences impacted prices which corrected until early this month. In this daily bar chart of NSC, below, we can see that a new pattern of higher lows and higher highs was established Wednesday with the sharp rally to the upside.

Norfolk Southern (NSC) Catches Eye: Stock Jumps 8.1%
Thu, 26 Apr 2018 12:59:12 +0000
Norfolk Southern (NSC) saw a big move last session, as its shares jumped more than 8% on the day, amid huge volumes.

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