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Norfolk Southern Bullish Moving Average Crossover Alert (NSC)

By James Quinn

Today, shares of Norfolk Southern (NYSE:NSC) have crossed bullishly above their 10-day moving average of $152.63 on a volume of 317K shares. This may provide swing traders with an opportunity 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 $157.15 and a 52-week low of $111.44 and are now trading 39% above that low price at $154.85 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that subscribers consider buying shares of Norfolk Southern on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $138.72. Since that recommendation, shares of Norfolk Southern have risen 9.3%. 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