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Bullish Moving Average Cross by Norfolk Southern (NSC)

By Amy Schwartz

Norfolk Southern (NYSE:NSC) crossed over its 10-day moving average of $179.13 on a volume of 525K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Norfolk Southern has traded in a range of $127.79 to $186.91 and is now at $180.30, 41% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Norfolk Southern on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $150.17. Since that recommendation, shares of Norfolk Southern have risen 19.2%. We continue to monitor NSC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Norfolk Southern

Ticker(s): NSC