NSC closes lower for the 2nd day in a row
Norfolk Southern Corporation (NSC) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team
Moving lower for the 2nd day in a row, NSC ended Thursday at 153.47 losing $0.70 (-0.45%). Today's closing price of 153.47 marks the lowest close since June 7th. The bears were in full control today, moving the market lower throughout the whole session. Closing below Wednesday's low at 153.50, the market confirms its breakout through the prior session's low having traded $0.48 below it intraday.
Daily Candlestick Chart (NSC as at Jun 14, 2018):
Thursday's trading range was $1.89 (1.22%), that's far below last trading month's daily average range of $2.88. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being below average.
Prices are trading close to a key support level at 151.45. Prices are trading close to the key resistance level at 155.53. After trading as low as 153.02 during the day, the share found support at the 20-day moving average at 153.02.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.