Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $89.00 short put and a strike $84.00 long put offers a potential 38.89% 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 $89.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $84.00 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 76.48 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 CORP Files SEC form 8-K, Other Events, Financial Statements and Exhibits
Fri, 29 Apr 2016 14:24:13 GMT
NORFOLK SOUTHERN CORP Financials
Wed, 27 Apr 2016 17:04:19 GMT
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Tue, 26 Apr 2016 23:02:00 GMT
Are Activist Hedge Fund Managers to Blame for Mega-Deal Failures?
Tue, 26 Apr 2016 19:50:00 GMT
ETF’s with exposure to Norfolk Southern Corp. : April 26, 2016
Tue, 26 Apr 2016 16:55:02 GMT
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