Norfolk Souther Corporation (NSC) : Traders are bullish on Norfolk Souther Corporation (NSC) as it has outperformed the S&P 500 by a wide margin of 3.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.5%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.67% in the last 1 week, and is up 3.08% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.28% and the 50-Day Moving Average is 6.13%.The 200 Day SMA reached 16.58%
Norfolk Souther Corporation (NYSE:NSC): After opening at $95.52, the stock dipped to an intraday low of $95.29 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $97.28 and the buying power remained strong till the end. The stock closed at $97.06 for the day, a gain of 2.01% for the day session. The total traded volume was 1,921,332. The stocks close on the previous trading day was $97.06.
Norfolk Souther Corporation (NSC) : The most positive equity analysts on Norfolk Souther Corporation (NSC) expects the shares to touch $104, whereas, the least positive believes that the stock will trade at $64 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $89.1 with an expected fluctuation of $11.74 from the mean.
Norfolk Southern Corporation is a holding company. The Company owns a freight railroad, Norfolk Southern Railway Company. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest and through interchange with rail carriers, to and from the rest of the United States. The Company also transports overseas freight through various Atlantic and Gulf Coast ports. It provides logistics services and offers an intermodal network in the eastern half of the United States. The Companys system reaches various individual industries, electric generating facilities, mines, distribution centers, transload facilities and other businesses located in its service area. The Companys general merchandise market group is composed of five commodity groupings: chemicals; metals and construction; agriculture, consumer products, and Government; automotive, and paper, clay and forest products.