$NSC with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for NYSE:NSC after a positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 25%.
NSC trade ideas
NSC, Buy opportunity Uptrend
After some weeks correction, It has passed of a S/R price level and after confirming above this level, I entered to it and probably i'm gonna add more. Totally it has a good bullish trend and i think it will have good targets.
BUY TODAY SELL TOMORROW for 5%DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall.
Trendline Breakout in NSC
BUY TODAY SELL TOMORROW for 5%
Norfolk Southern: Activist Investor Group Takes $1Billion Stake
Norfolk Southern (NYSE: NYSE:NSC ) finds itself at the center of a corporate upheaval as an Ancora Holdings-led investor group has taken a significant $1 billion stake in the company. The move, aimed at restructuring the railroad operator, includes a bold attempt to unseat CEO Alan Shaw. The activist investor group, armed with a majority slate of directors, is pushing for change amid concerns about the company's performance, particularly in the aftermath of a train derailment last year and Shaw's failure to meet operational targets.
The Investor Coup:
The Wall Street Journal reported that the Ancora Holdings-led investor group, which includes notable names like Sachem Head Capital Management and D.E. Shaw, has taken the plunge with a $1 billion investment. This move underscores their dissatisfaction with Norfolk Southern's (NYSE: NYSE:NSC ) current trajectory and management decisions. The investor group has not only taken a stake but has also nominated a new slate of directors, including former Ohio Governor John Kasich and Sameh Fahmy, a seasoned executive from Kansas City Southern.
Issues at Stake:
One of the primary concerns raised by the investor group is Norfolk Southern's (NYSE: NYSE:NSC ) handling of a train derailment last year. The incident, coupled with CEO Alan Shaw's inability to meet operational targets, has fueled discontent among shareholders. The company's fourth-quarter earnings, reported last week, further added to the investor unease as profits fell below analyst consensus estimates. The activist investors are leveraging these concerns to rally support for their proposed changes at the executive level.
The Proposed Director Slate:
Former Ohio Governor John Kasich and Sameh Fahmy bring a wealth of experience to the proposed director slate. Kasich's political background and Fahmy's executive expertise in the railroad industry signal a strategic approach to reshaping Norfolk Southern's (NYSE: NYSE:NSC ) leadership. The investor group is positioning these nominees as catalysts for change, emphasizing their potential to steer the company in a new and more profitable direction.
Meeting of Minds:
Norfolk Southern (NYSE: NYSE:NSC ) has reportedly engaged in discussions with the activist investor group and the proposed director nominees. The talks have focused on addressing the concerns raised by the investors, especially regarding the train derailment and operational targets. The outcome of these discussions could play a pivotal role in determining the future leadership of Norfolk Southern.
Broader Industry Trends:
The activist investor involvement comes at a time when the broader railroad industry is experiencing shifts and challenges. The Wall Street Journal notes that Sachem Head Capital Management and D.E. Shaw have also been increasing their stakes in Norfolk Southern, (NYSE: NYSE:NSC ) indicating a broader trend of investor interest and potential industry consolidation.
Conclusion:
Norfolk Southern (NYSE: NYSE:NSC ) is at a critical juncture as activist investors, led by Ancora Holdings, seek to reshape the company's leadership and strategy. The $1 billion stake and the nomination of a new director slate underscore the depth of investor dissatisfaction. As discussions unfold between Norfolk Southern (NYSE: NYSE:NSC ) and the activist investor group, the future of the railroad operator hangs in the balance, with potential ramifications for the broader industry.
NSC | Come and ride the train | LONGNorfolk Southern Corporation, together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the United States. The company transports agriculture, forest, and consumer products comprising soybeans, wheat, corn, fertilizers, livestock and poultry feed, food products, food oils, flour, sweeteners, ethanol, lumber and wood products, pulp board and paper products, wood fibers, wood pulp, beverages, and canned goods; chemicals consist of sulfur and related chemicals, petroleum products comprising crude oil, chlorine and bleaching compounds, plastics, rubber, industrial chemicals, chemical wastes, sand, and natural gas liquids; metals and construction materials, such as steel, aluminum products, machinery, scrap metals, cement, aggregates, minerals, clay, transportation equipment, and military-related products; and automotive, including finished motor vehicles and automotive parts, as well as coal. It also transports overseas freight through various Atlantic and Gulf Coast ports; provides commuter rail passenger transportation services; and operates an intermodal network. As of December 31, 2022, the company operated approximately 19,100 route miles in 22 states and the District of Columbia. Norfolk Southern Corporation was incorporated in 1980 and is headquartered in Atlanta, Georgia.
Short Norfolk down to $100 ?Life imitates art as Norfolk's 150 car train derails in Ohio last week in a calamity worse that Netflix's "White Noise". Check Twitter and YouTube as the major media conglomerate, big stakeholders, are keeping quiet.
Norfolk Southern - deeper correction ahead?2 counts for this US listed company that only differ slightly and both suggest that a much deeper correction lies ahead for this company at some stage.
RectangleNeutral until broken with trend in that direction.
Horizontal trading ranges also know as a consolidation zone.
I am pretty sure this is the company who had a derailment in Ohio. Fish and animals are dying in unusual amounts in the area after a mushroom cloud of chemical debris was released in to the atmosphere in the surrounding area. The EPA says all is well with the water that was contaminated after the derailment with chemical toxins. The "higher ups" in government have had little or nothing to say about this possible disaster.
No recommendation.
I am doubtful the big guy will shut down railways due to dangers to our atmosphere as he did with pipelines or we will be in DDT (deep dark trouble)
$NSC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NSC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 62.5%.
$NSC with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $NSC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 62.5%.
Transportation leader $NSC is making new highsNorfolk Southern Corp. operates more than 19,000 miles of rail road in the U.S. With a #2 ranking in the IBD Group Leadership and a RS line rating of 84, NSC is close of making an ATH. This is a sign of very good technicals.
On the fundamental side, it had a revenues increas of 15% to $8.29B for the nine months ended 30 September 2021. Also, for the last 3 quarters reported and increase in sales and EPS.
What may drive the price up for the upcoming weeks, are the news of NYSE:NSC is collaborating with NYSE:X and NYSE:GBX to create a new and sustainable high-strength steel railcar. Is a partnership between supplier, builder, and end-user.
The company is also launching a new web site called NSites, a GIS-based search engine to help businesses easily find rail-served industrial sites and transload facilities that meet their needs.
Remeber that round numbers like $300 holds a pretty strong psychological barrier. So I'll be waiting for the breakout.
$NSC putting in last Contraction?$NSC put in another minor contraction last week and making its way back to supply line.
On deck for this week and watching how it setup under there.
Transportation stocks setting up like they want to lead the early part of 2022.
$NSC 7 Months Base VCP Setup$NSC tightening up with a 7 month long base. Pocket Pivots starting to show up on the right side of the base but volume pattern still looks a bit lacking.
Would like to see it tighten up a bit more right below that pivot area (orange bars)
NSC - Moving Back UP over $282Norfolk Southern is holding up well given the sell off. I want to see it back above $282 for a swing back to ATH
$NSC HTF IBO Long$NSC HTF IBO Long
Monthly - Nothing
Weekly - Support /50 ema /Decel
Daily - Support /Decel / Triple bottom /MACD / IBO Break and restest / Fib 0.5 /Emas /Doji
LTF - Good to go
Cons - Monthly is a shallow pullback
RR - 3 (back to weekly highs)
Entry - Break out of 15 min symmetrical triangle & close above 1HR 50 ema
NSC - Ascending triangle, sector newsNSC - Ascending triangle, Rail sector news. Canadian Pacific Railway (CP) To Buy Kansas City Southern (KSU) In US$29 Bln Deal. NSC is forming an Ascending triangle on daily TF. There will only be 5 rail stocks left with a positive ROI, based on Finviz.com screener.
NORFOLK SOUTHERN CORP Idea Hey my friends, NORFOLK SOUTHERN CORP is in a historic moment we can see it making a new historical high. It is in a fake bearish push with a large volume of buying executed at the end of the session and a refusal from the sellers. In TIMEFRAME M1 we notice an attempt by repressed buyers with a large volume of traded sales. And we zoom in we can see that it wanted to test a strong resistance but lacking for the moment at the level of the buying force. Great potential to break resistance and go breakout the zone of balance then volume. To go up on the last highest before session and finally to really breakout the price zone.
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$NSC bullish flag breakout on weekly chart$NSC stock price has been repeating the same bullish pattern since 2018 on the weekly chart
Stock is forming bullish flags for around 2 quarters (tends to under-perform the sector and the market) and then is breaking out higher (catching up with the market)
The stock has declined 3.9% over the past three months, while the Dow Jones Transportation Average has slipped 1.0% and the Dow Jones Industrial Average has eased 2.1%.
Since the summer we see the pattern emerging again and we can notice that the price is now in breakout mode
As highlighted on the chart the trigger has been the MACD cross-over each time in the past
Measured target is around 219.95
Good luck,
TA
