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Norfolk Southern Bearish Moving Average Crossover Alert (NSC)

By Nick Russo

Today, shares of Norfolk Southern (NYSE:NSC) have crossed bearishly below their 10-day moving average of $91.70 on a volume of 658K shares. Swing traders may find an opportunity 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 $90.70, 41% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Norfolk Southern on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $88.29. Since that recommendation, shares of Norfolk Southern have risen 5.1%. 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