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Norfolk Southern Crosses Above its 10-day MA (NSC)

By David Diaz

Today, shares of Norfolk Southern (NYSE:NSC) have crossed bullishly above their 10-day moving average of $137.02 on a volume of 1.6 million shares. Swing traders may find an opportunity 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 $78.73 to $157.15 and is now at $144.60, 84% 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 is monitoring the recent change of momentum in Norfolk Southern. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Norfolk Southern in search of a potential trend change.

Keywords: moving crosses Norfolk Southern

Ticker(s): NSC