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Ride the Gravy Train With NSC

Norfolk Southern Corporation (NYSE: NSC ) - This rail transportation company and its subsidiaries engage in the movement of raw materials, intermediate products and finished goods that represent a broad cross section of the economy with an emphasis on energy (coal).

We've been following NSC for a long time, and in September 2009 said, "Several days ago, NSC signaled a short-term buy when the 20-day moving average crossed over the 200-day, and the stochastic turned sharply higher. The target for a trade is $50, but the longer-term target is $55 to $60."

That target was met on May 3 at $61.59.

Since then, NSC has been consolidating with support from its 200-day moving average.

Any weakness in the stock should be used as a buying opportunity, especially if bought under $54.50.

The longer-term target for this quality blue-chip transportation company is $65.

S&P rates the stock a "four-star buy" with a 12-month objective of $67. It has a dividend yield of 2.4%.

NSC Stock Chart

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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