Norfolk 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
NSC
is collaborating with
X
and
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
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
NSC
is collaborating with
X
and
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.