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Norfolk Southern Bearish Moving Average Crossover Alert (NSC)

By David Diaz

Norfolk Southern (NYSE:NSC) shares have crossed bearishly below their 10-day moving average of $89.65 on a volume of 415K 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, Norfolk Southern share prices have been bracketed by a low of $64.51 and a high of $104.58 and are now at $88.96, 38% above that low price. The 200-day and 50-day moving averages have moved 0.08% higher and 1.17% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Norfolk Southern on February 10th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.67. Since that recommendation, shares of Norfolk Southern have risen 24.8%. 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