Norfolk Southern Is Headed North

Norfolk Southern (NSC) has been in a four-month consolidation pattern with a positive On-Balance-Volume (OBV) line. With our other technical indicators in good shape it is only a matter of time before NSC breaks out of the roundhouse and heads higher.

In this daily bar chart of NSC, below, we can see how prices have climbed from just briefly below $80 to touch $125 only eight months later. The price trend has turned sideways and the 50-day moving average line has peaked and turned lower. The 200-day moving average line is still positive and comfortably below the market....148 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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