pool adsHow to trade Norfolk Southern $NSC With Risk Controls
Price matters most to making money in the market. Celebrating 20 years, Stock Traders Daily provides the tools that help you develop investment strategies, and this is a good example. When we couple this with our market based analysis, the probabilities of going with the flow increases, and that is material over time. The Norfolk Southern (NYSE: NSC) report below can help you, but we have more details too. The trading plans for NSC, and the other 1000+ stocks we follow, are updated in real time for subscribers, but this report is static. If you want an update, or a different report, please get one here Unlimited Real Time Reports.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Strong |
| P1 | 0 | 0 | 209.65 |
| P2 | 240.19 | 242.33 | 235.50 |
| P3 | 244.54 | 249.79 | 258.95 |
Support and Resistance Plot Chart for NSC
Long Term Trading Plans for NSC
January 26, 2021, 5:15 am ET
The Technical Summary and Trading Plans for NSC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this NSC Report.
NSC - (Long) Support Plan
The technical summary data tells us to buy NSC near 235.50 with an upside target of 258.95. This data also tells us to set a stop loss @ 234.82 to protect against excessive loss in case the stock begins to move against the trade. 235.50 is the first level of support below 245.96 , and by rule, any test of support is a buy signal. In this case, support 235.50 is being tested, a buy signal would exist.
NSC - (Short) Resistance Plan
The technical summary data is suggesting a short of NSC as it gets near 258.95 with a downside target of 235.50. We should have a stop loss in place at 259.7though. 258.95 is the first level of resistance above 245.96, and by rule, any test of resistance is a short signal. In this case, if resistance 258.95 is being tested, a short signal would exist.
