Norfolk Southern Corp

NSC remains in a Stage 2 advancing regime with a persistent uptrend but is extended above rising EMAs and in extreme overbought territory; timing is unfavorable, so await a pullback into the rising 9/21 EMA support zone for a disciplined entry.

• ↑Proposed UP merger targets $2.75B annual synergies, creating first transcontinental rail
• ↑PSR 2.0 cost program aims to cut operating ratio by 150bps, grow revenue 3%
• ↓STB review could stall UP merger, delaying $2.75B synergy realization