Learn to Evaluate Norfolk Southern ($NSC) using the Charts

October 03, 2023, 12:00 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NSC

• Buy NSC slightly over 187.82 target 206.17 stop loss @ 187.28 Details

The technical summary data tells us to buy NSC near 187.82 with an upside target of 206.17. This data also tells us to set a stop loss @ 187.28 to protect against excessive loss in case the stock begins to move against the trade. 187.82 is the first level of support below 193 , and by rule, any test of support is a buy signal. In this case, support 187.82 would be being tested, so a buy signal would exist.

• Short NSC slightly under 206.17, target 187.82, stop loss @ 206.77 Details

The technical summary data is suggesting a short of NSC as it gets near 206.17 with a downside target of 187.82. We should have a stop loss in place at 206.77though. 206.17 is the first level of resistance above 193, and by rule, any test of resistance is a short signal. In this case, if resistance 206.17 is being tested, so a short signal would exist.

Swing Trading Plans for NSC

• Buy NSC slightly over 197.07, target 206.17, Stop Loss @ 196.5 Details

If 197.07 begins to break higher, the technical summary data tells us to buy NSC just slightly over 197.07, with an upside target of 206.17. The data also tells us to set a stop loss @ 196.5 in case the stock turns against the trade. 197.07 is the first level of resistance above 193, and by rule, any break above resistance is a buy signal. In this case, 197.07, 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 197.07, target 191.31, Stop Loss @ 197.64. Details

The technical summary data is suggesting a short of NSC if it tests 197.07 with a downside target of 191.31. We should have a stop loss in place at 197.64 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, 197.07, 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 194.60, target 197.07, Stop Loss @ 194.15 Details

If 194.60 begins to break higher, the technical summary data tells us to buy NSC just slightly over 194.60, with an upside target of 197.07. The data also tells us to set a stop loss @ 194.15 in case the stock turns against the trade. 194.60 is the first level of resistance above 193, and by rule, any break above resistance is a buy signal. In this case, 194.60, 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 194.60, target 191.31, Stop Loss @ 195.05. Details

The technical summary data is suggesting a short of NSC if it tests 194.60 with a downside target of 191.31. We should have a stop loss in place at 195.05 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, 194.60, 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 October 03:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Weak
P1	0	0	187.82
P2	189.68	191.31	206.17
P3	194.60	197.07	224.26

AI Generated Signals for NSC

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

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 (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.