Norfolk Southern (NSC) Hits 52-Week High
Posted: Friday, December 04, 2009 2:40 PM EDT
By: Market Intelligence Center Staff
Norfolk Southern (NYSE: NSC) hit a new 52-Week high of $52.89 so far today. Currently the stock is up $1.19 (2.31%) to $52.67 on 1,530,790 shares traded. Today's high is up $25.98 from a 52-Week Low of $26.69. Norfolk Southern stock has been showing support around $50.79 and resistance in the $52.63 range. Technical indicators for the stock are bullish and S&P gives NSC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on NSC the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 45 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Norfolk Southern (NSC) Stock ReportSee what our analysts have uncovered about Norfolk Southern (NSC).