Nov. 14 at 3:04 AM
$NSC is currently trading at
$283.53, with an RSI of 56.36 indicating a neutral to slightly bullish momentum. The price is below both the 30-day moving average (MA30) of
$287.38 and the 50-day moving average (MA50) of
$286.68, suggesting a potential resistance zone above the current price. The 60-day high of
$302.24 and low of
$268.23 indicate a range that
$NSC is currently near the midpoint of, providing a balanced risk-reward scenario.
For a trade plan, consider entering a long position at
$284.50, just above the current close, to capitalize on potential upward momentum. Set a stop-loss at
$280.00 to manage risk. Target the first exit at
$290.00, which aligns with the MA30, and a second target at
$295.00, approaching the 60D high. This plan leverages the current RSI and the proximity to moving averages while respecting the recent high-low range.
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