Norfolk Southern (NSC) Offering Possible 28.21% Return Over the Next 15 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 $267.50 short put and a strike $262.50 long put offers a potential 28.21% 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 $267.50 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $262.50 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 67.05 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

Is Norfolk Southern (NSC) Stock A Buy or Sell?
Wed, 24 Mar 2021 15:52:23 +0000
With the fourth-quarter round of 13F filings behind us it is time to take a look at the stocks in which some of the best money managers in the world preferred to invest or sell heading into the first quarter of 2021. One of these stocks was Norfolk Southern Corp. (NYSE:NSC). Is NSC stock a […]

3 Railroad Stocks To Watch Amid Canadian Pacific And Kansas City Southern Merger
Mon, 22 Mar 2021 21:33:38 +0000
Canadian Pacific Railway Ltd (NYSE: CP) and Kansas City Southern (NYSE: KSU) announced on Sunday they would merge in a deal valued at about $29 billion in cash and shares. What Happened: The new company, Canadian Pacific Kansas City, will create a Canada-Mexico-U.S. railroad with a combined 20,000 miles of rail. Canadian Pacific Kansas City will be a larger competitor to other rail service providers and will ease supply chain difficulties between the three member countries of the United States-Mexico-Canada Agreement (USMCA). It will also provide the companies’ customers with an eco-friendlier alternative to truck transportation, according to Canadian Pacific's press release. Why It Matters: The Canadian Pacific Kansas City rail service will have three main competitors to keep on watch: Canadian National Railways (NYSE: CNI), headquartered in Montreal, Quebec operates 20,000 miles of rail across Canada, the Midwest and the Southern United States and through Mexico. Canadian National has a market cap of $80.89 billion and was trading down 2.25% at $113.90 at last check. Union Pacific Corporation (NYSE: UCP), headquartered in Omaha, Nebraska, boasts 32,340 miles of route track across the Midwest, West and Southwestern United States. Union Pacific has a market cap of $139.37 billion and was trading down 1.87% at $206.86 at last check. Norfolk Southern Corp. (NYSE: NSC), headquartered in Norfolk, Virginia, operates 19,500 route miles in 22 states and the District of Columbia. Norfolk Southern has a market cap of $66.24 billion and was trading up 0.96% at $262.96 at last check. (Photo: Canadian Pacific Railway) See more from BenzingaClick here for options trades from BenzingaMegan Thee Stallion Headlines Grubhub's Sound Bites Interactive ConcertChris Ramsay And Victory Square's Immersive Tech Team Up To Create Magical Experience© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Top Railroad Stocks for Q2 2021
Wed, 17 Mar 2021 17:06:08 +0000
The railroad industry is one of the major components of the transportation sector and is closely tied to the economy's growth. Railroad companies operate vast networks that transport agricultural products, packaged foods, commodities, electronics, and other goods to companies and consumers. Major companies in the industry include Union Pacific Corp. (UNP), Norfolk Southern Corp. (NSC), and CSX Corp. (CSX).

4 Stocks to Watch as Railroad Industry Continues to Rebound
Tue, 16 Mar 2021 12:07:12 +0000
The U.S. railroad industry seems ready to continue its turnaround after being affected by the COVID-19 pandemic, making it wise to look at names like Norfolk Southern (NSC) and Union Pacific (UNP)

What's in Store for Gol Linhas (GOL) This Earnings Season?
Mon, 15 Mar 2021 15:06:03 +0000
Fall in passenger revenue is likely to get reflected in Gol Linhas (GOL) fourth-quarter 2020 results. However, low fuel prices are expected to have aided the bottom line.

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