Norfolk Southern's most recent trend suggests a bearish bias. One trading opportunity on Norfolk Southern is a Bear Call Spread using a strike $110.00 short call and a strike $120.00 long call offers a potential 8.7% return on risk over the next 40 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 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 $120.00 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 25.65 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 facilitates $5.7 billion in industrial investment along rail lines in 2014
Wed, 07 Jan 2015 20:49:00 GMT
PR Newswire – NORFOLK, Va., Jan. 7, 2015 /PRNewswire/ — Norfolk Southern assisted 94 industries in locating or expanding their businesses along its rail lines in 2014. The 72 new and 22 expanded industries represent an investment of $5.7 billion by Norfolk Southern customers and are expected to create more than 4,420 new jobs in the railroad's territory, generating more than 205,000 carloads of new rail traffic annually. Norfolk Southern assisted state and local government and economic development officials throughout 18 states in helping customers identify ideal locations for the projects. “The energy sector continued to be a major driver of industrial development projects in 2014, and we began to see the return of more traditional industrial projects such as steel mills, auto assembly plants, tire manufacturers, and food processing facilities,” said Jason Reiner, assistant vice president industrial development.
Time to buy transports?
Tue, 06 Jan 2015 18:15:00 GMT
Norfolk Southern downgraded by UBS
Tue, 06 Jan 2015 16:38:11 GMT
Norfolk Southern unveils first publicly funded, emissions-friendly locomotives
Tue, 06 Jan 2015 16:17:00 GMT
PR Newswire – ALTOONA, Pa., Jan. 6, 2015 /PRNewswire/ — The first emissions-friendly locomotives funded by the federal Congestion Mitigation and Air Quality (CMAQ) Improvement Program have been released for road testing …
Norfolk Southern to hold fourth-quarter 2014 earnings conference call Jan. 26, 2015
Mon, 05 Jan 2015 22:09:00 GMT
PR Newswire – NORFOLK, Va., Jan. 5, 2015 /PRNewswire/ — Norfolk Southern Corporation (NYSE: NSC) will announce its fourth-quarter and full-year 2014 financial results during a conference call and live Internet webcast …
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