Transportation leader $NSC is making new highs

NYSE:NSC   Norfolk Southern Corporation
Norfolk Southern Corp . operates more than 19,000 miles of rail road in the U.S. With a #2 ranking in the IBD Group Leadership and a RS line rating of 84, NSC is close of making an ATH. This is a sign of very good technicals.

On the fundamental side, it had a revenues increas of 15% to $8.29B for the nine months ended 30 September 2021. Also, for the last 3 quarters reported and increase in sales and EPS .

What may drive the price up for the upcoming weeks, are the news of NYSE:NSC is collaborating with NYSE:X and NYSE:GBX to create a new and sustainable high-strength steel railcar. Is a partnership between supplier, builder, and end-user.

The company is also launching a new web site called NSites, a GIS-based search engine to help businesses easily find rail-served industrial sites and transload facilities that meet their needs.

Remeber that round numbers like $300 holds a pretty strong psychological barrier. So I'll be waiting for the breakout.


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