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Norfolk Southern Bullish Moving Average Crossover Alert (NSC)

By Shiri Gupta

Today, shares of Norfolk Southern (NYSE:NSC) have crossed bullishly above their 10-day moving average of $114.09 on a volume of 651K 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.

Over the past year, Norfolk Southern has traded in a range of $64.51 to $125.00 and is now at $116.46, 81% 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 recommended that its subscribers protect gains by selling shares of Norfolk Southern on March 15th, 2017 by issuing a Downtrend alert when the shares were trading at $116.93. Since that call, shares of Norfolk Southern have fallen 3.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Norfolk Southern

Ticker(s): NSC