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Triple_Barrel_Capital

$NOC Northrop Grumman Downtrend Breakout Coming

Long
Northrop Grumman Corporation (NYSE:NOC)  
Triple_Barrel_Capital  
NYSE:NOC   Northrop Grumman Corporation
Trend Analysis Chart Patterns NOC Bullish Patterns
3
0
trendanalysis chartpattern noc bullish
$NOC Northrop Grumman - Expecting positive earnings reports out of defense/aerospace sector next week. Notice the strong steady rebound in (MFI) money flow since early July - seeing this in several defense stocks reporting next week. $NOC broke through $320 resistance recently and successfully retested support earlier this week. I'm anticipating a strong break out of the recent downtrend post earnings next week.

Targeting $340 in the near term.







Note: Observation/opinion, not investment advice.
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