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Norfolk Southern Bearish Moving Average Crossover Alert (NSC)

By James Quinn

Today, shares of Norfolk Southern (NYSE:NSC) have crossed bearishly below their 10-day moving average of $119.46 on a volume of 116K 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.

Norfolk Southern share prices have moved between a 52-week high of $125.31 and a 52-week low of $64.51 and are now trading 84% above that low price at $118.80 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

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