Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $92.50 short put and a strike $87.50 long put offers a potential 11.11% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $87.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Norfolk Southern is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Norfolk Southern is bullish.
The RSI indicator is at 57.21 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
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Norfolk Southern President to address J.P. Morgan Aviation, Transportation & Industrials Conference
Mon, 03 Mar 2014 16:21:00 GMT
PR Newswire – NORFOLK, Va., March 3, 2014 /PRNewswire/ — Norfolk Southern Corporation President James A. Squires will participate in the 2014 J.P. Morgan Aviation, Transportation & Industrials Conference. J.P. Morgan …
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