Norfolk Southern (NSC) Offering Possible 6.38% Return Over the Next 24 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 $97.50 short put and a strike $92.50 long put offers a potential 6.38% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $92.50 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 above 80 which suggests that the stock is in overbought 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’s Intermodal Traffic: Containers Up, Trailers Down
Mon, 21 Nov 2016 16:04:55 GMT

Comparing Norfolk Southern’s Carloads with US Railroads’ Volumes
Mon, 21 Nov 2016 15:05:09 GMT

Mexican and US Freight Rail Traffic Down, Canadian Railroads Shine
Mon, 21 Nov 2016 13:05:17 GMT

Norfolk Southern Safety Train reaches more than 1,900 first responders on 18-city tour
Fri, 18 Nov 2016 20:17:00 GMT
PR Newswire – NORFOLK, Va., Nov. 18, 2016 /PRNewswire/ — Norfolk Southern's (NSC) safety train recently completed its 2016 tour, training 1,926 first responders in 18 cities in 13 states across NS' rail network. With rolling classrooms and hands-on activities, the safety train provided free training to firefighters, police officers, emergency management personnel, and other first responders on how to safely respond to a rail-related hazardous materials incident. “Our safety train allowed us to expand our outreach to more first responders and emergency personnel in more communities than ever before, equipping them with education and resources to help raise their level of emergency preparedness in the unlikely event of a rail incident,” said David Schoendorfer, system manager hazardous materials.

Norfolk Southern to present at Credit Suisse 4th Annual Industrials Conference on Nov. 30
Thu, 17 Nov 2016 21:15:00 GMT
PR Newswire – NORFOLK, Va., Nov. 17, 2016 /PRNewswire/ — Norfolk Southern Corp. (NYSE: NSC) Executive Vice President and Chief Marketing Officer Alan H. Shaw will make a presentation at: Credit Suisse 4th Annual Industrials …

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