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Bearish Moving Average Cross by Norfolk Southern (NSC)

By James Quinn

Norfolk Southern (NYSE:NSC) shares have crossed bearishly below their 10-day moving average of $202.09 on a volume of 106K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Norfolk Southern have traded between a low of $138.65 and a high of $211.46 and are now at $198.65, which is 43% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 0.78% higher over the past week, respectively.

SmarTrend is tracking the current trend status for Norfolk Southern and will alert subscribers who have NSC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Norfolk Southern

Ticker(s): NSC