Volatility Contraction Sets Up NSC Move Near $290.96
NeutralNorfolk Southern Corp (NSC) closed down 0.60% at $290.96 on December 29.
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 $291.57.
Momentum
RSI at 54.7 is in neutral territory. MACD is bearish (0.92 vs signal 1.41).
Volatility
Stock has been in a TTM Squeeze for 6 days, indicating compressed volatility and potential for a significant move.