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SmarTrend Watching for Potential Pullback in Shares of Norfolk Southern After 1.49% Gain

By Nick Russo

Norfolk Southern (NYSE:NSC) traded in a range yesterday that spanned from a low of $157.04 to a high of $160.00. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $159.04 on volume of 695,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Norfolk Southern has traded in a range of $111.44 to $160.00 and is now at $159.92, 44% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has risen 0.4%.

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