Norfolk Southern's most recent trend suggests a bearish bias. One trading opportunity on Norfolk Southern is a Bear Call Spread using a strike $110.00 short call and a strike $120.00 long call offers a potential 6.95% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $9.35 would be incurred if the stock rose above the $120.00 long call 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 down which suggests that the medium-term momentum for Norfolk Southern is bearish.
The RSI indicator is at 26.87 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Norfolk Southern
Rail sector oil win
Fri, 12 Dec 2014 18:43:00 GMT
Taking Stock: Dorfman Says Not at Bottom For Energy
Thu, 11 Dec 2014 19:52:20 GMT
$40 billion Uber = 4 GoPro's
Fri, 05 Dec 2014 16:37:00 GMT
Balyasny starts new position in Norfolk Southern Corp.
Fri, 05 Dec 2014 13:00:41 GMT
Norfolk Southern: Key Investments, Expense Control in Focus
Thu, 04 Dec 2014 19:30:02 GMT
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