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Norfolk Southern: 52-Week High Recently Eclipsed (NSC)

By David Diaz

Norfolk Southern (NYSE:NSC) traded today at a new 52-week high of $174.87. Approximately 134,000 shares have changed hands today, as compared to an average 30-day volume of 1.7 million shares.

Norfolk Southern Corporation provides rail transportation services. The Company transports raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. Norfolk Southern also transports overseas freight through several Atlantic and Gulf Coast ports

Norfolk Southern share prices have moved between a 52-week high of $174.87 and a 52-week low of $116.77 and are now trading 50% above that low price at $174.75 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.6%.

Based on a current price of $174.75, Norfolk Southern is currently 10.6% above its average consensus analyst price target of $156.23. The stock should find initial support at its 50-day moving average (MA) of $160.23 and further support at its 200-day MA of $146.23.

SmarTrend recommended that subscribers consider buying shares of Norfolk Southern on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $138.72. Since that recommendation, shares of Norfolk Southern have risen 25.1%. We continue to monitor NSC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Norfolk Southern

Ticker(s): NSC