Norfolk Southern Corp

NSC has shifted into a medium-term bearish regime as the 9EMA and 20EMA have crossed below the 50 SMA and price has consistently printed lower highs and lower lows. Short-term momentum remains negative with price trading below declining EMAs and RSI in oversold territory. Long-term uptrend above the 200 SMA remains intact but is secondary to the current downward mean-reversion environment. Execution should target selling into relief rallies toward the 9/20/50 EMA confluence zone near the low-330s.

• ↑Revenue climbed 7% YoY to $3.2B in Q2 2026, led by intermodal and energy markets
• ↑Intermodal volumes rose 4% YoY amid tight trucking capacity and elevated coal demand
• ↓Valuation appears stretched at ~28% premium to DCF fair value estimates