This has already poked through this support line twice. Below all EMA's. Stop above the previous weeks candle. Wanting this to make a lower low for entry.
AVERAGE ANALYSTS PRICE TARGET $
AVERAGE ANALYSTS RECOMMENDATION
P/R RATIO 17
SHORT INTEREST 2%
COMPANY PROFILE
Norfolk Southern Corp. is a transportation company, which owns a freight railroad. It engages in the rail transportation of raw materials, intermediate products, and finished goods primarily in the Southeast, East, and Midwest and, via interchange...
NYSE:NSC
Why do I choose technical analysis for trading?
Because the psychological state of traders / investors is always a representation on a scale between greed and fear, which creates in all markets patterns that repeat themselves for more than a hundred years, and if you are aware of their % profitability, and the difference between the amount of profit...
looks to be on a pullback to the supporting trendline. The 50dayMA is still above the 200dayMA so there is a good chance that it gets oversold, bounces off the support.
An intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
I reckon there is still some more upside for this (and many other US stocks) but it sure looks like we are approaching a top of some sort some time soon.
upward sloping channel bouncing strongly off 50 day
breaking out of falling wedge-measured move is $8- potential energy to breakout out resistance area of 125.0x area
looking for minor pullback for a better entry for better r/r
Norfolk Southern Corporation is a holding company engaged in the rail transportation business. As of December 31, 2016, the Company operated approximately 19,500 miles of road primarily in the East and Midwest. The Company is engaged in the rail transportation of raw materials, intermediate products and finished goods primarily in the Southeast, East and Midwest. The Company, 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 the intermodal network in the eastern half of the United States. The Company's system reaches various manufacturing plants, electric generating facilities, mines, distribution centers and other businesses located in its service area. The Company's intermodal market group consists of shipments moving in trailers, domestic and international containers, and RoadRailer equipment.
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NSC
