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Watch for Norfolk Southern to Potentially Pullback After Gaining 1.41% Yesterday

By Nick Russo

Norfolk Southern (NYSE:NSC) traded in a range yesterday that spanned from a low of $151.01 to a high of $153.73. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $153.43 on volume of 661,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Norfolk Southern on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $138.71. Since that recommendation, shares of Norfolk Southern have risen 8.8%. We continue to monitor NSC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Norfolk Southern have traded between a low of $78.73 and a high of $157.15 and are now at $153.16, which is 95% above that low price. Over the past week, 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