• Return to Headlines

After Yesterday's Decline of 2.37%, Norfolk Southern Offers Investors Better Value

By James Quinn

Norfolk Southern (NYSE:NSC) traded in a range yesterday that spanned from a low of $185.13 to a high of $188.10. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $189.75 on volume of 188,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Norfolk Southern have traded between a low of $138.65 and a high of $211.46 and are now at $185.57, which is 34% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

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: rebounders Norfolk Southern

Ticker(s): NSC