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Look for Shares of Norfolk Southern to Potentially Pullback after Yesterday's 3.96% Rise

By Nick Russo

Norfolk Southern (NYSE:NSC) traded in a range yesterday that spanned from a low of $173.92 to a high of $179.18. Yesterday, the shares gained 4.0%, which took the trading range above the 3-day high of $172.02 on volume of 597,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Norfolk Southern share prices have been bracketed by a low of $138.65 and a high of $211.46 and are now at $178.83, 29% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1% while the 200-day MA has risen 0.3%.

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: rebounders Norfolk Southern

Ticker(s): NSC