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Norfolk Southern Bearish Moving Average Crossover Alert (NSC)

By David Diaz

Today, shares of Norfolk Southern (NYSE:NSC) have fallen below their 10-day MA of $114.43 on a volume of 382K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Norfolk Southern has traded in a range of $64.51 to $125.00 and is now at $114.15, 77% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has remained constant.

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