Norfolk Southern's most recent trend suggests a bearish bias. One trading opportunity on Norfolk Southern is a Bear Call Spread using a strike $92.50 short call and a strike $97.50 long call offers a potential 21.95% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $92.50 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $97.50 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 57.9 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
Train Carrying Crude Oil Derails in Pennsylvania
Thu, 13 Feb 2014 21:28:50 GMT
U.S. derailed train spills up to 4,000 gallons of crude -operator
Thu, 13 Feb 2014 19:17:36 GMT
Norfolk Southern stops leak from final rail car, Bloomberg reports
Thu, 13 Feb 2014 17:38:42 GMT
Train hauling oil derails in Pennsylvania
Thu, 13 Feb 2014 17:00:00 GMT
Norfolk Southern train carrying crude derails in Pennsylvania, Reuters says
Thu, 13 Feb 2014 15:16:43 GMT
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