Learn to Evaluate (NSC) using the Charts
October 29, 2024, 14:18 pm ET, BY William C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for NSC
- Buy NSC near 247.03 target 266.4 stop loss @ 246.32 Details
The technical summary data tells us to buy NSC near 247.03 with an upside target of 266.4. This data also tells us to set a stop loss @ 246.32 to protect against excessive loss in case the stock begins to move against the trade. 247.03 is the first level of support below 253.12 , and by rule, any test of support is a buy signal. In this case, support 247.03 is being tested, a buy signal would exist.
- Short NSC slightly under 266.4, target 247.03, stop loss @ 267.17 Details
The technical summary data is suggesting a short of NSC as it gets near 266.4 with a downside target of 247.03. We should have a stop loss in place at 267.17though. 266.4 is the first level of resistance above 253.12, and by rule, any test of resistance is a short signal. In this case, if resistance 266.4 is being tested, a short signal would exist.
Swing Trading Plans for NSC
- Buy NSC slightly over 258.37, target 266.4, Stop Loss @ 257.62 Details
If 258.37 begins to break higher, the technical summary data tells us to buy NSC just slightly over 258.37, with an upside target of 266.4. The data also tells us to set a stop loss @ 257.62 in case the stock turns against the trade. 258.37 is the first level of resistance above 253.12, and by rule, any break above resistance is a buy signal. In this case, 258.37, 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 258.37, target 249.97, Stop Loss @ 259.12. Details
The technical summary data is suggesting a short of NSC if it tests 258.37 with a downside target of 249.97. We should have a stop loss in place at 259.12 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, 258.37, 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 258.37, target 266.4, Stop Loss @ 257.77 Details
If 258.37 begins to break higher, the technical summary data tells us to buy NSC just slightly over 258.37, with an upside target of 266.4. The data also tells us to set a stop loss @ 257.77 in case the stock turns against the trade. 258.37 is the first level of resistance above 253.12, and by rule, any break above resistance is a buy signal. In this case, 258.37, 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 258.37, target 252.45, Stop Loss @ 258.97. Details
The technical summary data is suggesting a short of NSC if it tests 258.37 with a downside target of 252.45. We should have a stop loss in place at 258.97 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, 258.37, 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 Corporation (NSC) available here: NSC.
NSC Ratings for October 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Neutral |
| P1 |
0 |
0 |
227.12 |
| P2 |
248.65 |
249.97 |
247.03 |
| P3 |
252.45 |
258.37 |
266.4 |
AI Generated Signals for NSC
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The Norfolk Southern Corporation (NYSE: NSC) report below can help you understand how to do this. The trading plans for NSC, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for NSC:
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