(The following story by Chip Brian appeared on the SmarTrend website on October 4, 2010.)
One week ago, Norfolk Southern (NYSE:NSC) was downgraded to Hold from Buy at BB&T Capital. The stock closed yesterday at $59.51 which is 2.62% higher than the price one-week ago of $57.99. Norfolk Southern is currently above its 50-day moving average of $56.83 and above its 200-day moving average of $55.08. SmarTrend is bullish on shares of NSC and our subscribers received an Uptrend alert on September 02, 2010 at $56.53, which has returned 5.3% to date.