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Norfolk Southern (NSC) NewsBite - NSC Upgraded By BMO Capital Markets

Sep 03, 2009 (Fresh Brewed Media via COMTEX) --

Company: Norfolk Southern Corp. (NSC)

Norfolk Southern (NSC) was upgraded today by analysts at BMO Capital Markets and the stock is now at $46.11, up $1.62 (3.64%) on volume of 1,793,461 shares traded. The brokerage upped NSC to Outperform from Market Perform. Over the last 52 weeks the stock has ranged from a low of $26.69 to a high of $72.56. Norfolk Southern stock has been showing support around $43.64 and resistance in the $45.68 range. Technical indicators for the stock are bullish and S&P gives NSC a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on NSC the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 40 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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News Provided by COMTEX

Company: Norfolk Southern Corp. (NSC)


Related terms: market, S&P

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