NSC Coils in TTM Squeeze at $290.96, Breakout Imminent
NeutralNorfolk Southern Corp (NSC) closed down 0.60% at $290.96 on December 27.
Technical indicators paint a mixed picture:
Moving Averages
Mixed signals with price near the 9-day EMA ($292.41). The 21-day EMA sits at $291.62.
Momentum
RSI at 54.1 is in neutral territory. MACD is bearish (0.91 vs signal 1.39).
Volatility
Stock has been in a TTM Squeeze for 5 days, indicating compressed volatility and potential for a significant move.
Key levels to watch: Support at $288.55, Resistance at $297.77.