Pre-Market Technical Pulse on Railroads Stocks — Norfolk Southern, Trinity Industries, CSX Corp., and Canadian Pacific Railway

If you want a Stock Review on NSC, TRN, CSX, or CP then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. DailyStockTracker.com revisits the Railroads space, which is engaged in hauling freight. Rail operators enable the efficient flow of goods from producers to consumers, and are therefore a vital part of the broad economy. Equities under assessment are Norfolk Southern Corp. (NYSE: NSC), Trinity Industries Inc. (NYSE: TRN), CSX Corp. (NASDAQ: CSX), and Canadian Pacific Railway Ltd (NYSE: CP). Sign up today on DailyStockTracker.com and download our free research reports on these featured stocks at:

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Norfolk Southern 

Virginia-based Norfolk Southern Corp.’s (NSC) stock finished Wednesday’s session 2.49% higher at $130.98 with a total trading volume of 1.03 million shares. The Company’s shares have advanced 11.31% in the past month, 11.50% in the previous three months, and 21.20% since the start of this year. The stock is trading 9.24% above its 50-day moving average and 11.81% above its 200-day moving average. Additionally, shares of Norfolk Southern, which together with its subsidiaries, engages in the rail transportation of raw materials, intermediate products, and finished goods in the US, have a Relative Strength Index (RSI) of 76.44.

On September 01st, 2017, NSC announced that the Norfolk Southern Foundation is donating $100,000 and will match NSC employee gifts to assist in Hurricane Harvey recovery efforts. The Foundation, which is the Company’s charitable giving arm, will give $50,000 to the American Red Cross and $50,000 to the Houston Food Bank. The Foundation will match employee donations to the American Red Cross and Feeding America food banks, including the Houston Food Bank, for relief efforts. NSC complete research report is just a click away at:

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Trinity Industries 

On Wednesday, shares in Dallas, Texas headquartered Trinity Industries Inc. recorded a trading volume of 2.01 million shares, which was above their three months average volume of 1.04 million shares. The stock ended the session 2.59% higher at $30.46. The Company’s shares have advanced 8.36% in the last one month, 16.22% in the previous three months, and 9.73% on an YTD basis. The stock is trading 7.19% above its 50-day moving average and 10.70% above its 200-day moving average. Moreover, shares of Trinity Industries, which provides various products and services to the energy, chemical, agriculture, transportation, and construction sectors in the US and internationally, have an RSI of 68.83.

On September 06th, 2017, Trinity Industries has declared a quarterly dividend of 13 cents per share on its $0.01 par value common stock. The quarterly cash dividend, representing the Company’s 214th consecutively paid dividend, is payable on October 31st, 2017, to stockholders of record on October 13th, 2017. The complimentary report on TRN can be downloaded at:

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CSX Corp. 

Jacksonville, Florida-based CSX Corp.’s shares closed the day 1.99% higher at $52.81. The stock recorded a trading volume of 4.41 million shares. The Company’s shares have gained 8.44% in the last month, 1.19% over the previous three months, and 46.98% on an YTD basis. The stock is trading 3.86% and 9.78% above its 50-day and 200-day moving averages, respectively. Additionally, shares of CSX Corp. have an RSI of 61.99.

On September 07th, 2017, research firm RBC Capital Markets reiterated its ‘Outperform’ rating on the Company’s stock with a decrease of the target price from $65 a share to $64 a share.

On September 19th, 2017, CSX Corp. announced that it will release Q3 financial and operating results on October 17th, 2017, prior to a conference call and live webcast hosted by the Company’s management team at 8:30 a.m. ET. Presentation materials and access to the audio webcast will be available on the Company’s website. Sign up for your complimentary report on CSX at:

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Canadian Pacific Railway 

Shares in Calgary, Canada headquartered Canadian Pacific Railway Ltd finished 0.93% higher at $163.19. The stock recorded a trading volume of 518,876 shares. The Company’s shares have advanced 7.55% in the last one month, 5.24% in the previous three months, and 14.30% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.69% and 6.63%, respectively. Furthermore, shares of the Company, which together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the US, have an RSI of 67.17.

On August 27th, 2017, Canadian Pacific Railway announced that Sung Hyun Park has won the Canadian Pacific Women’s Open and helped young patients seeking care at the Children’s Hospital of Eastern Ontario (CHEO) in the process. Park shot 13 under par on her way to victory, and the Company made a $2 million donation to a renovated catheterization lab and interventional suite at CHEO.

On September 13th, 2017, research firm National Bank Financial downgraded the Company’s stock rating from ‘Outperform’ to ‘Sector Perform’. Download the research report for free on CP at:

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About the Author: Bob Cooper

Bob Cooper is Canadian Business Tribune''s senior editor. He is also a nationally syndicated newspaper columnist and a bestselling author. He lives in London Ontario and covers the intersection of money, politics and finance. He appears periodically on national television shows and has been published in (among others) The National Post, Politico, The Atlantic, Harper’s, Wired.com, Vice and Salon.com. He also has served as a journalist and consultant on documentaries for CBC and Global News . In 2014, he was the winner of the Society of American Business Editors and Writers' investigative journalism award, and the winner of the Izzy Award for Journalism from Ithaca College's Park Center for Independent Media. He was also a finalist for UCLA's Gerald R. Loeb Award and Syracuse University's Mirror Award. Before becoming a journalist in 2006, Sirota worked in Washington for, among others, U.S. Rep. Bernie Sanders, the U.S. House Appropriations Committee Minority Staff and the Center for American Progress.