Norfolk Southern (NSC) Offering Possible 47.06% Return Over the Next 17 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 $165.00 short call and a strike $170.00 long call offers a potential 47.06% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $165.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $3.40 would be incurred if the stock rose above the $170.00 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 at 26.32 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

Norfolk Southern Corporation (NYSE:NSC): 4 Days To Buy Before The Ex-Dividend Date
Sat, 27 Oct 2018 13:17:54 +0000
Shares of Norfolk Southern Corporation (NYSE:NSC) will begin trading ex-dividend in 4 days. To qualify for the dividend check of US$0.80 per share, investors must have owned the shares prior

Old Dominion Freight Line Posts Blockbuster Q3 Results, Rises 1%
Thu, 25 Oct 2018 18:21:53 +0000
Major US LTL (less than truckload) service provider Old Dominion Freight Line (ODFL) announced its third-quarter earnings results before the market opened on October 25. The trucker beat Thomson Reuters–surveyed analysts’ adjusted EPS estimate of $1.97 by a wide margin of 7.5%. Its adjusted EPS came in at $2.12 in the quarter, up ~71% YoY (year-over-year) from $1.19 in the third quarter of 2017.

UNP Rises 1.5% on Pricing Gains, Higher Volumes in Q3 2018
Thu, 25 Oct 2018 18:04:00 +0000
UNP Rises 1.5% on Pricing Gains, Higher Volumes in Q3 2018Union Pacific’s third-quarter earnings results

Norfolk Southern Implements Massive Buyback Program. Is That the Right Move Today?
Thu, 25 Oct 2018 13:47:00 +0000
Management has bought back more than $2.3 billion in stock in 2018 thus far.

See what the IHS Markit Score report has to say about Norfolk Southern Corp.
Thu, 25 Oct 2018 12:01:40 +0000
This could indicate that investors who seek to profit from falling equity prices are not currently targeting NSC. NSC credit default swap spreads are within the middle of their range for the last three years.

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