As you can see, I believe NOC will rise in the short term until it gets to around $380-$390. We will then see it drop and continue to bounce around these two boundaries while steadily going up in the long term.
Not financial advice.
I like this one! Strong trand, descent financial... But.. Take a look at W and D charts.
Double top technical formation is in front of us. Nice opportunity to squeeze this beauty
The trend has been to increase spending on defense worldwide. The Pentagon is estimated to spend 1 trillion over the coming 2 decades. NOC is one of the companies that will be a benefactor of such spending. Worldwide countries like Saudi, India and Pakistan have all seen defense as a much needed sector for increased spending.
NOC continues to perfrom well, the purchase of Orbital ATK will lead the segment "Innovation Systems", and our earnings projection for the 2018 are now at 17.00 dollars with revenue at 30 billions and 19.00 dollars with 33 billions for the 2019.
2017 Net profit: 2.000 millions dollars
2017 Net debt: 14.400 millions dollars
Dividend yeld: 1.60%
Daily Supply and Demand Zones to watch for as NOC moves lower. Looking for MACD Divergence upon trend break as trigger to get long with Supply Zone as target.
The chart is clear. Weekly closes fit the proposed trend fibonacci lines. It is charged enough, most propably, it will start to climb along the bottom channel support on following week.
$NOC Northrop Grumman beat earnings estimates and raised guidance for full-year EPS today. Yet the stock is down more than 5%.
Doesn't make much sense but I'm looking at a long term bullish falling wedge and an oversold RSI at its lowest level in seven years on the weekly chart.
Not only do I expect a bounce off this lower wedge line in the near term but I...
$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...
Long term - I like it. Chart looks good. Short term - I'd stay away from long positions. Definitely expecting another low-mid $320 dip before a serious bounce but, momentum isn't ripe yet. Skip forward 2 - 3 weeks & I'm super bullish going long
NOC follows trendline boundries strictly for a long time, as many other major defence players RTN and LMT. It seems that it will crawl up in the shaded box.
Northrop Grumman Corporation is a global security company. The Company provides products, systems and solutions in autonomous systems; cyber; command, control, communications and computers, intelligence, surveillance and reconnaissance (C4ISR); strike, and logistics and modernization. The Company's segments include Aerospace Systems, Mission Systems and Technology Services. The Company's Aerospace Systems segment is engaged in the design, development, integration and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics and other systems/subsystems. The Mission Systems segment offers mission solutions and multifunction systems for Department of Defense (DoD), intelligence community, international, federal civil and commercial customers. The Technology Services segment provides logistics solutions supporting the full life cycle of platforms and systems for global defense and federal-civil customers.
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NOC
