NORFOLK SOUTHERN CORP
(NSC-NYSE):
Technical Viewpoint: From a low
of $29.78 on Jun 29, 2005 prices
rallied, reaching a
high of $38.22
on Jul 19, 2005. A
decline saw prices pull back, reaching a
low of
$35.24 on Aug 30, 2005.
Another rally saw prices penetrate
resistance, closing 9/16/05
at $37.31. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Sep 16, 2005 when the Histogram crossed the "0" line to the upside.
Support: Remains at $33.00. Resistance: Is at $37.44.
Point & Figure: Reversed to the upside on Jul 15, 2005. A P&F upside
reversal takes place at $35.00. Summary: Technical indicators have turned bullish. BUY! NORFOLK SOUTHERN CORP
(NSC-NYSE) @ $37.38 Stop: Use a protective stop of $35.38.
NORFOLK SOUTHERN CORP is currently trading @ $37.31 plus $1.54 on Sep 16, 2005. Price Objective:
$47.50. Risk/Reward: $2.00 VS. $10.38. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$47.50
Risk/Reward:
$2.00 VS. $10.38
Risk/Reward Ratio:
5:1
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