UnknownUnicorn2034381

$NOC or Notice of change, we are heading down!

Short
NYSE:NOC   Northrop Grumman Corporation
Northrop Grumman Corp

Technicals
1# 20 Crosses 50 Moving Average in a downwards fashion. Stayed under since October 19th.
2# Price close to 200 Moving Average
3# Lots of distribution within the Descending Triangle , aka bearish formation and Big selling blocks!
4# Higher Bullish volume the recent days, could lead to a false breakout to 360$

Relevant
# Received recent upgrades from Morgan Stanley 449$ PT
# Consensus Analyst Price Target 400$ Based on 7 analysts.
# Insider SELLING, lots of it throughout the year.
Comment: Well that escalated quickly - Iran strike

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