Norfolk Southern Corp. Flashing New Buy Signal at $95.03

March 5, 2014

SHORT-TERM TRADING IDEA: NSC

Norfolk Southern Corp. Flashing New Buy Signal at $95.03

FTMDAILY.COM – Every morning we share one new conservative stock trading idea with our subscribers that we believe could provide 1%-5% in profits within a very short period of time. (Usually within 10 days.) Today, we are sharing our subscribers-only daily trading idea with our entire audience.

Norfolk Southern Corp. (Ticker: NSC), a Virginia-based holding company, owns two major freight railroads, Norfolk Southern Railway Company and Norfolk Western Railway Company, which operates in numerous states, the District of Columbia and the Province of Ontario. The stock appears ready to breakout to new highs, perhaps as early as this week. I will buy shares of NSC, if it reaches $95.03. I will then immediately place a stop-loss order for $87.43 to limit my total downside loss to 8%. However, if NSC reaches $95.03, I expect to earn a quick 4%-5% profit over a few trading days.

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DISCLAIMER: The above trading ideas are from my own personal stock watchlist and are for educational and informational purposes only. They are NOT specific buy recommendations. Trading stocks is risky and you could lose all of your money. Trade at your own risk. Jerry Robinson is a stock trader, not an investment advisor. You should always consult a trusted financial services professional before making any financial or investment decisions. READ FULL DISCLAIMER.


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Follow the Money Weekly Podcast - This Week's Episode

PODCAST: Gold and Stock Update

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Daily Trading Idea: A Daily Stock Trading Idea for Short-Term Traders
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