Norfolk Southern (NSC) Offering Possible 49.25% Return Over the Next 10 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 $142.00 short put and a strike $137.00 long put offers a potential 49.25% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $142.00 by expiration. The full premium credit of $1.65 would be kept by the premium seller. The risk of $3.35 would be incurred if the stock dropped below the $137.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Norfolk Southern is bearish and the probability of a decline 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 61.27 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Norfolk Southern

Not Even a Congested Rail Network Could Slow Down Norfolk Southern's Earnings Growth
Sun, 06 May 2018 15:15:00 +0000
The railroad saw some traffic related issues in the first quarter, but higher prices and strong demand led to a record-setting quarter.

Norfolk Southern receives American Chemistry Council award as industry-leading partner in responsible chemical transport
Mon, 30 Apr 2018 15:30:00 +0000
NORFOLK, Va., April 30, 2018 /PRNewswire/ — Norfolk Southern (NSC) today received the American Chemistry Council's Responsible Care® Partner of the Year award for its exemplary performance and safety record in the transport of chemical products. Norfolk Southern was one of three companies and the only freight railroad to receive the ACC's premier partner award. “Norfolk Southern is fully dedicated to rail industry leadership in the safe and sustainable transport of chemical goods, and we thank the American Chemistry Council for this recognition,” said Executive Vice President and Chief Operating Officer Mike Wheeler.

Comparing Norfolk Southern’s Railcar Traffic in Week 16
Fri, 27 Apr 2018 20:55:02 +0000
Eastern US rail carrier Norfolk Southern‘s (NSC) carload traffic rose 4.6% YoY (year-over-year) in Week 16. Excluding intermodal, the company’s rail traffic rose YoY from ~68,600 units to ~71,700.

Inside the Slow Rise in CSX’s Railcar Traffic in Week 16
Fri, 27 Apr 2018 19:25:17 +0000
Eastern US railroad CSX’s (CSX) carload traffic rose slightly in Week 16, by 1.6% YoY (year-over-year). In many weeks of 2018, the Florida-based rail giant has reported YoY railcar traffic decline. However, in recent weeks, the company’s shipments seem to have gotten back on track. In the week ended April 21, CSX’s carload traffic expanded YoY to ~70,500 units from ~69,400. CSX’s carload traffic gain was much lower than rival Norfolk Southern’s (NSC) 4.6% and US railroads’ 3.5%.

Union Pacific to Miss 2019 Operating Margin Target, Stock Dives
Thu, 26 Apr 2018 19:25:34 +0000
The United States’ number-one rail freight carrier, Union Pacific (UNP), announced its 1Q18 earnings today. The company’s adjusted EPS (earnings per share) came in at $1.68, whereas Thomson Reuters–surveyed analysts expected $1.66. Union Pacific beat analysts’ adjusted EPS estimate by a narrow margin of 1.2%.

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