22.07.2014 - Norfolk Southern reached the boundary of the channel

Stock price of Norfolk Southern after fixing the prices above 104.30 continued to grow inside the rising channel and reached its upper limit. We expect the price correction to the levels 104,30-104,50 after which the growth is likely to continue. We recommend holding long positions on the shares of the company with targets at 110.00 and 102.50. In the medium term, increase is also likely to continue.

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