Trading Norfolk Southern $NSC With Integrated Risk Controls

March 06, 2023, 08:16 am ET, BY Thomas H. Kee Jr- Editor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Price matters most to #makingmoney in the #stockmarket. 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.

Longer Term Trading Plans for NSC

• Buy NSC slightly over 214.40 target 235.90 stop loss @ 213.78 Details

The technical summary data tells us to buy NSC near 214.40 with an upside target of 235.90. This data also tells us to set a stop loss @ 213.78 to protect against excessive loss in case the stock begins to move against the trade. 214.40 is the first level of support below 224.02 , and by rule, any test of support is a buy signal. In this case, support 214.40 would be being tested, so a buy signal would exist.

• Short NSC slightly under 235.90, target 214.40, stop loss @ 236.58 Details

The technical summary data is suggesting a short of NSC as it gets near 235.90 with a downside target of 214.40. We should have a stop loss in place at 236.58though. 235.90 is the first level of resistance above 224.02, and by rule, any test of resistance is a short signal. In this case, if resistance 235.90 is being tested, so a short signal would exist.

Swing Trading Plans for NSC

• Buy NSC slightly over 227.72, target 235.90, Stop Loss @ 227.06 Details

If 227.72 begins to break higher, the technical summary data tells us to buy NSC just slightly over 227.72, with an upside target of 235.90. The data also tells us to set a stop loss @ 227.06 in case the stock turns against the trade. 227.72 is the first level of resistance above 224.02, and by rule, any break above resistance is a buy signal. In this case, 227.72, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NSC slightly near 227.72, target 218.43, Stop Loss @ 228.38. Details

The technical summary data is suggesting a short of NSC if it tests 227.72 with a downside target of 218.43. We should have a stop loss in place at 228.38 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 227.72, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NSC

• Buy NSC slightly over 226.59, target 227.72, Stop Loss @ 226.06 Details

If 226.59 begins to break higher, the technical summary data tells us to buy NSC just slightly over 226.59, with an upside target of 227.72. The data also tells us to set a stop loss @ 226.06 in case the stock turns against the trade. 226.59 is the first level of resistance above 224.02, and by rule, any break above resistance is a buy signal. In this case, 226.59, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NSC slightly near 226.59, target 218.43, Stop Loss @ 227.12. Details

The technical summary data is suggesting a short of NSC if it tests 226.59 with a downside target of 218.43. We should have a stop loss in place at 227.12 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 226.59, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

NSC Ratings for March 06:

Term →	Near	Mid	Long
Rating	Weak	Weak	Neutral
P1	0	0	214.40
P2	226.59	218.43	235.90
P3	229.43	227.72	257.68

Support and Resistance Plot Chart for NSC

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