Northrop Grumman Corporation
Northrop Grumman Corporation is a global aerospace and defense company. The Company operates through four segments: Aeronautics Systems, Defense Systems, Mission Systems, and Space Systems.
Over the past 5 months, price has formed an ascending triangle chart pattern with the horizontal boundary acting as strong resistance around the $490.00 level. A daily close above the $497.00 level will confirm the breakout from the 5-month-long ascending triangle with the possible chart pattern price target around the $557.00 level.
Over the past 5 months, price has formed an ascending triangle chart pattern with the horizontal boundary acting as strong resistance around the $490.00 level. A daily close above the $497.00 level will confirm the breakout from the 5-month-long ascending triangle with the possible chart pattern price target around the $557.00 level.
Trade active:
Price gapping up above the $497.00 resistance area today to enter into the long trade position.