How the (NSC) price action is used to our Advantage

March 29, 2024, 10:54 am ET, BY Tyler- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NSC

• Buy NSC slightly over 240.27 target 260.5 stop loss @ 239.58 Details

The technical summary data tells us to buy NSC near 240.27 with an upside target of 260.5. This data also tells us to set a stop loss @ 239.58 to protect against excessive loss in case the stock begins to move against the trade. 240.27 is the first level of support below 254.87 , and by rule, any test of support is a buy signal. In this case, support 240.27 is being tested, a buy signal would exist.

• Short NSC slightly under 260.5, target 240.27, stop loss @ 261.25 Details

The technical summary data is suggesting a short of NSC as it gets near 260.5 with a downside target of 240.27. We should have a stop loss in place at 261.25though. 260.5 is the first level of resistance above 254.87, and by rule, any test of resistance is a short signal. In this case, if resistance 260.5 is being tested, a short signal would exist.

Swing Trading Plans for NSC

• Buy NSC slightly over 260.5, target n/a, Stop Loss @ 259.75 Details

If 260.5 begins to break higher, the technical summary data tells us to buy NSC just slightly over 260.5, with an upside target of n/a. The data also tells us to set a stop loss @ 259.75 in case the stock turns against the trade. 260.5 is the first level of resistance above 254.87, and by rule, any break above resistance is a buy signal. In this case, 260.5, 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 260.5, target 253.47, Stop Loss @ 261.25. Details

The technical summary data is suggesting a short of NSC if it tests 260.5 with a downside target of 253.47. We should have a stop loss in place at 261.25 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, 260.5, 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 260.5, target n/a, Stop Loss @ 259.89 Details

If 260.5 begins to break higher, the technical summary data tells us to buy NSC just slightly over 260.5, with an upside target of n/a. The data also tells us to set a stop loss @ 259.89 in case the stock turns against the trade. 260.5 is the first level of resistance above 254.87, and by rule, any break above resistance is a buy signal. In this case, 260.5, 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 260.5, target 253.58, Stop Loss @ 261.11. Details

The technical summary data is suggesting a short of NSC if it tests 260.5 with a downside target of 253.58. We should have a stop loss in place at 261.11 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, 260.5, 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 March 29:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	219.35
P2	246.9	246.71	240.27
P3	253.58	253.47	260.5

AI Generated Signals for NSC

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Norfolk Southern Corporation (NYSE: NSC) data table below can help you with price action, and we have more details too. Trading plans for NSC are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.