Norfolk Southern's most recent trend suggests a bearish bias. One trading opportunity on Norfolk Southern is a Bear Call Spread using a strike $120.00 short call and a strike $130.00 long call offers a potential 8.7% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $9.20 would be incurred if the stock rose above the $130.00 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 66.32 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
/C O R R E C T I O N — Norfolk Southern Corporation/
Mon, 17 Nov 2014 22:03:00 GMT
PR Newswire – In the news release, “Norfolk Southern and the Delaware & Hudson propose rail line transaction to support rail service and the economy in the Northeast,” issued 17-Nov-2014 by Norfolk Southern …
4:07 pm Norfolk Southern and the Delaware & Hudson propose $217 mln rail line transaction
Mon, 17 Nov 2014 21:07:00 GMT
Norfolk Southern and the Delaware & Hudson propose rail line transaction to support rail service and the economy in the Northeast
Mon, 17 Nov 2014 21:05:00 GMT
CNW Group – Norfolk Southern and the Delaware & Hudson propose rail line transaction to support rail service and the economy in the Northeast
Norfolk Southern chief marketing officer to address Credit Suisse Global Industrials Conference
Mon, 17 Nov 2014 20:08:00 GMT
PR Newswire – NORFOLK, Va., Nov. 17, 2014 /PRNewswire/ — Donald W. Seale, executive vice president and chief marketing officer for Norfolk Southern Corporation (NYSE: NSC), will participate in the Credit Suisse 2014 …
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Wed, 12 Nov 2014 23:25:16 GMT
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