$NSC bullish flag breakout on weekly chart

24 ott 2019

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

30 gen 2020

Trade chiuso: obiettivo raggiunto

Target reached,
Congrats longs

TA