Nov. 13 at 1:10 AM
$NSC is currently trading at
$287.35, close to its 30-day moving average (MA30) of
$288.27, indicating a neutral market context. The RSI at 47.68 suggests that the stock is neither overbought nor oversold, allowing for potential movement in either direction. The MA50 at
$286.43 provides support, while the absence of a MA200 limits long-term trend analysis.
Given the recent 60-day high of
$302.24 and low of
$268.23, there is a range of volatility that can be exploited. A bullish bias can be established if the price breaks above the MA30, indicating upward momentum.
Suggested entry:
$288.50 (above MA30).
Stop loss:
$285.00 (below MA50).
Targets:
$295.00 (near resistance) and
$300.00 (psychological level).
Monitor price action closely around the entry point for confirmation.
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