Rectangle noted that NOC was in before breaking up to form a symmetrical triangle only to break down from the triangle. Strong stock but perhaps the big guys have decided to run another sector in to sky scraper land for now. No recommendation/Short entry with a clean break of support line and a downtrend. The support line is broken today but a clear downtrend...
Northrop Grumman Corporation operates as an aerospace and defense company worldwide. The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing...
Transfer of ABRAMS and LEOPARD 2 tanks to Ukraine has become unblocked. Ukraine would have requested, so it seems, over 300 tanks, deemed necessary to replace the losses suffered especially in recent months, to increase firepower and move on the most difficult terrains. Tanks will necessarily need air cover. Tanks are always dangerous, because in fact we pass from...
After all those months of running, we finally got the retracement. This is where things get interesting! I think NOC sets a bottom here @460.77. Friday there was a pretty considerable call that hit the tape. Strike: $500, Expiration: 5-19-2023 Premium: ~$475k, filled @19.60 avg. For this to go itm, NOC needs to move up roughly 8.5% by May 19th. ...
Despite all the uncertainty this year, NOC’s stock continues forward on its long-term uptrend. As long price holds above 470, there are many reasons to be bullish in 2023. Strong momentum and the bullish patterns reflect optimism in the market. In short-term price is likely to remain volatile in a range between 480 and 560, however long-term momentum points...
$NOC Iron Condor Idea 12/16 Expiration +1 $575 call -1 $570 call --{$526.03 current price}-- -1 $410 put +1 $405 put Credit +/- $150 (TBD). Liquidity is NOT GOOD on $NOC. Spreads are wide. But you never know, sometimes you get a favorable order fill when you least expect it.
The PEAD projected a Bullish outlook for $NOC after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
NOC missed earnings and still has made new highs! Price is well above the top trendline of the Rectangle like structure. Targets 1 - 3 have been met. Currently working on T4. No recommendation. The market is in a feeding frenzy it seems. ”I’m not confused. I’m just well mixed.” – Robert Frost
NOC has been moving in a rising wedge since the beginning of the year, and it has now broken that rising wedge, signaling that it has entered bearish waters. A gap had formed at the start of this chart pattern, and it may be on its way to fill it shortly.
NOC- Short Iron Condor Trade Idea: Expiration Oct 21st (73 Days (an eternity...)). Strike Prices to create IC: Long Call: $545. Short Call: $540. ------ Short Put: $400. Long Put: $395. Filled @ $100 ($1.00) credit (as of 8/9 not long after open). $500 Collateral. Risk:Reward Ratio: $400:$100, or 4:1. Short strikes can accommodate approx. 16% down and 13% up...
How's this for relative strength? $NOC out of tight base to new highs
Also a bearish DIVERSION on RSI. Price is over the bands but not overbought on RSI. Price is also in a bearish rising wedge. It is not valid as the bottom trendline has not been broken. No recommendation/Be safe. Don't lose your shadow (o:
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...
Putin orders partial mobilisation of troops on Fed day. Volatility on top of volatility. Defense stock $NOC looks primed to breakout after a long period of consolidation. Broke out from 4 month flag in Aug, and recently consolidating for a month.
Retesting ATH break, will most likely resume higher
NOC has formed a bullflag above a break out of a large ascending triangle This bullflag will likely lead to further continuation upwards