Northrop Grumman Corporation provides systems, products, and
solutions in aerospace, electronics, information systems, and technical
service areas to government and commercial customers worldwide. The
company’s Aerospace Systems segment designs, develops, integrates, and
produces manned aircraft, unmanned systems, spacecraft, high-energy
laser systems, microelectronics, and other systems and subsystems. Its
Electronic Systems segment offers solutions for sensing, understanding,
anticipating, and controlling operating environment to military, civil,
and commercial customers. The company’s Information Systems segment
offers advanced solutions for Department of Defense, national
intelligence, federal civilian and state agencies, and commercial and
international customers. Its Technical Services segment provides
logistics, modernization, and sustainment support.
To review Northrop’s stock, please take a look at the 1-year chart of
NOC (Northrop Grumman Corporation) below with my added notations:
NOC has formed a solid resistance at $125 (blue), which would also be
a 52-week high breakout if the stock could manage to close above it. In
addition, the stock has been climbing a trendline of support (green).
These two levels combined have NOC coiled within a common chart pattern
known as an ascending triangle. At some point, the stock will eventually
have to break one of those two levels.
The Tale of the Tape: NOC has an up trending support
and a 52-week resistance level to watch. A long trade could be made on a
close above the $125 resistance. A break below the up trending support
could be an opportunity to enter a short trade.
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