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Norfolk Southern Bullish Moving Average Crossover Alert (NSC)

By Amy Schwartz

Today, shares of Norfolk Southern (NYSE:NSC) have crossed bullishly above their 10-day moving average of $96.45 on a volume of 486K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Norfolk Southern share prices have moved between a 52-week high of $104.58 and a 52-week low of $64.51 and are now trading 50% above that low price at $96.91 per share. 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 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 8.5%. 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