Norfolk Southern's most recent trend suggests a bearish bias. One trading opportunity on Norfolk Southern is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 6.38% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 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 rose above the $100.00 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 43.38 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
3 Important Trends Affecting Railroads in 2014
Fri, 21 Feb 2014 20:51:56 GMT
Railroads Agree to Slow Oil Trains in Populated Areas
Fri, 21 Feb 2014 18:49:37 GMT
Freight rail vital to economic prosperity, Norfolk Southern CEO Moorman tells U.S. Chamber of Commerce
Thu, 20 Feb 2014 19:42:00 GMT
PR Newswire – NORFOLK, Va., Feb. 20, 2014 /PRNewswire/ — Norfolk Southern CEO Wick Moorman today said freight railroads are “essential to driving America's continued economic recovery.” Speaking in Washington to a U.S. Chamber of Commerce meeting on infrastructure, Moorman said railroad improvements in technology, service, and capacity “provide America with a key competitive advantage in the marketplace and serve to bolster economic prosperity.” Moorman pointed to resurgence in domestic manufacturing and said, “The freight rail industry will be there to assist companies as they seek to take advantage of these favorable trends.” “Railroads are an essential partner to government and business in rebuilding America and positioning it for a prosperous future,” he said, “but we can reach that goal only if we can continue to grow and reinvest.”
Will Soft Crude Oil Prices, New Safety Rules Boost Fortunes of Bakken Pipelines? — An Industrial Info News Alert
Thu, 20 Feb 2014 11:15:00 GMT
Marketwired – Written by John Egan for Industrial Info Resources — Spectacular industrial accidents can rapidly overturn the fortunes of entire industries. Continued growth in crude oil production in the Bakken Shale, …
NORFOLK SOUTHERN CORP Financials
Wed, 19 Feb 2014 18:04:13 GMT
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