When the Price of Norfolk Southern $NSC Talks, People Listen

November 10, 2023, 12:00 pm ET, BY Simon M.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NSC

• Buy NSC slightly over 182.73 target 199.83 stop loss @ 182.2 Details

The technical summary data tells us to buy NSC near 182.73 with an upside target of 199.83. This data also tells us to set a stop loss @ 182.2 to protect against excessive loss in case the stock begins to move against the trade. 182.73 is the first level of support below 195.2 , and by rule, any test of support is a buy signal. In this case, support 182.73 would be being tested, so a buy signal would exist.

• Short NSC slightly under 199.83, target 182.73, stop loss @ 200.41 Details

The technical summary data is suggesting a short of NSC as it gets near 199.83 with a downside target of 182.73. We should have a stop loss in place at 200.41though. 199.83 is the first level of resistance above 195.2, and by rule, any test of resistance is a short signal. In this case, if resistance 199.83 is being tested, so a short signal would exist.

Swing Trading Plans for NSC

• Buy NSC slightly over 199.83, target 216.84, Stop Loss @ 199.25 Details

If 199.83 begins to break higher, the technical summary data tells us to buy NSC just slightly over 199.83, with an upside target of 216.84. The data also tells us to set a stop loss @ 199.25 in case the stock turns against the trade. 199.83 is the first level of resistance above 195.2, and by rule, any break above resistance is a buy signal. In this case, 199.83, 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 199.83, target 193.80, Stop Loss @ 200.41. Details

The technical summary data is suggesting a short of NSC if it tests 199.83 with a downside target of 193.80. We should have a stop loss in place at 200.41 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, 199.83, 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 199.48, target 199.83, Stop Loss @ 199.01 Details

If 199.48 begins to break higher, the technical summary data tells us to buy NSC just slightly over 199.48, with an upside target of 199.83. The data also tells us to set a stop loss @ 199.01 in case the stock turns against the trade. 199.48 is the first level of resistance above 195.2, and by rule, any break above resistance is a buy signal. In this case, 199.48, 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 199.48, target 195.15, Stop Loss @ 199.95. Details

The technical summary data is suggesting a short of NSC if it tests 199.48 with a downside target of 195.15. We should have a stop loss in place at 199.95 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, 199.48, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Norfolk Southern (NSC) available here: NSC.

NSC Ratings for November 10:

Term →	Near	Mid	Long
Rating	Weak	Weak	Weak
P1	0	0	182.73
P2	195.15	182.86	199.83
P3	199.48	193.80	216.84

AI Generated Signals for NSC

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Norfolk Southern (NYSE: NSC) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for NSC can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.