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Bullish Moving Average Cross by Norfolk Southern (NSC)

By James Quinn

Today, shares of Norfolk Southern (NYSE:NSC) have crossed bullishly above their 10-day moving average of $118.17 on a volume of 211K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Norfolk Southern have traded between a low of $78.73 and a high of $125.31 and are now at $118.38, which is 50% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend is monitoring the recent change of momentum in Norfolk Southern. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Norfolk Southern in search of a potential trend change.

Keywords: moving crosses Norfolk Southern

Ticker(s): NSC