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Norfolk Southern: The Winning Streak Continues (NSC)

By James Quinn

Shares of Norfolk Southern (NYSE:NSC) traded at a new 52-week high today of $198.24. So far today approximately 469,000 shares have been exchanged, as compared to an average 30-day volume of 1.3 million shares.

Norfolk Southern Corporation provides rail transportation services. The Company transports raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange with rail carriers, to and from the rest of the United States. Norfolk Southern also transports overseas freight through several Atlantic and Gulf Coast ports

Norfolk Southern share prices have moved between a 52-week high of $198.24 and a 52-week low of $133.47 and are now trading 48% above that low price at $197.51 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.4%.

Norfolk Southern (NYSE:NSC) is currently priced 20.9% above its average consensus analyst price target of $156.23. The stock should discover initial support at its 50-day moving average (MA) of $182.80 and subsequent support at its 200-day MA of $170.72.

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: 52 week high/lows Norfolk Southern

Ticker(s): NSC