Norfolk Southern (NSC) Offering Possible 13.64% Return Over the Next 29 Calendar Days

Norfolk Southern's most recent trend suggests a bullish bias. One trading opportunity on Norfolk Southern is a Bull Put Spread using a strike $155.00 short put and a strike $145.00 long put offers a potential 13.64% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $155.00 by expiration. The full premium credit of $1.20 would be kept by the premium seller. The risk of $8.80 would be incurred if the stock dropped below the $145.00 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 64.08 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


LATEST NEWS for Norfolk Southern

What Did Norfolk Southern Corporation's (NYSE:NSC) CEO Take Home Last Year?
Tue, 07 Apr 2020 18:40:28 +0000
Jim Squires has been the CEO of Norfolk Southern Corporation (NYSE:NSC) since 2015. This report will, first, examine…

Norfolk Southern Cautions Feds About Coronavirus Risks
Fri, 03 Apr 2020 14:13:48 +0000
The coronavirus pandemic could impact the financial results of Norfolk Southern Corporation (NYSE: NSC), although the magnitude of COVID-19's effects on the railroad's operations remains to be seen, the railroad said in a Thursday filing to the Securities and Exchange Commission (SEC).Norfolk Southern (NS) said it didn't take into account the pandemic when it issued its guidance for 2020 during its fourth-quarter 2019 earnings call in late January. NS will update SEC on the pandemic's associated risks after it releases its first-quarter results on April 29.NS follows its competitor CSX Corporation (NASDAQ: CSX) as well as Union Pacific Corporation (NYSE: UNP) in alerting the SEC about the pandemic's potential impact on operations."The COVID-19 pandemic is rapidly developing and generating significant uncertainty in the economy, and it could have a material adverse impact on our results of operations and financial condition, dependent on numerous risks and uncertainties." NS said.The railroad continued, "The magnitude and duration of the outbreak, its impact on our supply chain partners and general economic conditions, and the extent of social distancing measures and non-essential business shutdowns will influence the demand for our services and affect our revenues. In addition, COVID-19 could affect our operations and business continuity if a significant number of our essential employees, overall or in a key location, are quarantined from contraction of or exposure to the disease or if governmental orders prevent our operating employees or critical suppliers from working."Image: Flickr/formulanoneSee more from Benzinga * Class 8 Truck Orders Crash In March To Worst In Decade * Coronavirus High In California * Engineer Goes Off The Rails In Alleged Aim For Mercy(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

6 Transportation Stocks Growing Earnings
Wed, 01 Apr 2020 20:00:26 +0000
These companies also have a high margin of safety Continue reading…

Norfolk Southern to hold first-quarter 2020 earnings conference call April 29
Tue, 31 Mar 2020 18:00:00 +0000
Norfolk Southern Corporation (NYSE: NSC) will announce its first-quarter financial results during a conference call and live internet webcast at 8:45 a.m. EDT on Wednesday, Apr. 29, 2020. Quarterly earnings results will be released after 8 a.m. EDT, and a press release will be posted at www.norfolksouthern.com under the Investors section.

Freight Rail And Partners Outline Coronavirus Responses
Fri, 27 Mar 2020 18:06:18 +0000
Freight rail and intermodal companies have been developing plans to ensure that business operations continue as near to normal as possible as the coronavirus pandemic plays out in North America.  Kansas City SouthernKansas City Southern (NYSE: KSU) says the U.S.-Mexico border remains open to the commercial movement of goods and railroads are deemed critical infrastructure by the federal government. However, the railroad has had to adjust some trip plans and transportation schedules to align with customer demand.Policies for remote work and social distancing have been instituted for applicable employees, and the company has implemented a "robust" cleaning and sanitizing effort for all work and common areas, Kansas City Southern (KCS) said in a March 25 customer notice.As for ensuring the continuity of business operations, KCS said it holds daily briefings both internally and with local, state and federal agencies. It is also working with its vendors and partners to ensure the availability of or materials and resources. KCS has also diversified its work locations temporarily, including its network operations offices.KCS has the ability to temporarily relocate crew and employees to locations of need, and they have job boards for train field employees in the event of crew shortages.Additional information on how KCS is addressing the pandemic can be found here.CSXCSX Corporation (NYSE: CSX) has no confirmed cases of any employee who has contracted the novel coronavirus, also known as COVID-19, as of the start of this week, according to a March 24 customer notice from Mark Wallace, CSX executive vice president of sales and marketing. CSX urged customers to inform the railroad if their transportation needs changes or require service adjustments. The railroad is "taking comprehensive measures to safeguard our workers and our facilities so that we can continue to provide normal operations and timely service," Wallace said.CSX has also developed business continuity plans that include backup facilities where business-critical functions, such as CSX's data center and network operations teams, are able to transition and continue seamless train operation, Wallace said in a March 18 customer note.  To ensure crew availability, CSX has reserve operating employees and manager certifications available, and the railroad has established safety protocols for facility sterilization. CSX has also conducted work-from-home drills for its technology teams and other functions that support customer relations, Wallace said. Norfolk SouthernNorfolk Southern Corporation (NYSE: NSC) has been surveying customers to gauge their transportation requirements in light of the coronavirus pandemic and state and local orders to shelter in place."Norfolk Southern is working to integrate your feedback into our transportation plans, ensuring we continue to meet your needs and our operations remain fluid. As changes are identified to our service, we will notify affected customers and work with you to resolve any issues. We will work collaboratively with our customers and business partners," Norfolk Southern Chief Marketing Officer Alan Shaw said in a March 23 customer notice."We understand that COVID-19 mitigation efforts are dynamic and the effect on our customers' business needs may evolve. Norfolk Southern will continue to collaborate with our customers and business partners to assess your service needs and how best to respond to the potential changes in your logistics requirements," Shaw said.Trac IntermodalTrac Intermodal, a marine chassis pool manager and equipment provider, says it has business continuity plans in place and it is following health guidance to clean and disinfect service vehicles and TRAC's locations. The company's field operations have been deemed as essential, meaning that operations can continue in areas where there are state orders to shelter in place."We continue to work closely with our network of start/stop locations and depots to support the intermodal community," TRAC Intermodal said.American Short Line and Regional Railroad AssociationThe American Short Line and Regional Railroad Association has a list of resources for short line railroads that detail recent government actions, including what temporary waivers from federal mandates are available.See more from Benzinga * Quick-Hitting Snowstorm Could Further Tighten Denver Freight Market (With Forecast Video) * Q&A: What Companies Need To Know About The Families First Coronavirus Response Act * Coronavirus: U.S. Unemployment Risk(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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