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Norfolk Southern Falls 1.31% on Heavy Volume: Watch For Potential Rebound

By David Diaz

Norfolk Southern (NYSE:NSC) traded in a range yesterday that spanned from a low of $140.08 to a high of $143.38. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $141.43 on volume of 340,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Over the past year, Norfolk Southern has traded in a range of $78.73 to $157.15 and is now at $140.76, 79% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

Keywords: rebounders Norfolk Southern

Ticker(s): NSC