Northop Grumman a buy near trend line supportDefense contractor Northop Grumman fell hard toward trend line support both before and after its earnings report last Friday, despite a solid beat of analyst expectations. The fall has occurred as analysts adjusted forward estimates of earnings and sales downward for the next two years. Despite the downward revisions, Northop Grumman remains a growth company, with PEG ratio of 1.8. The share price has fallen much faster than earnings expectations, making NOC a very attractive buy as it approaches support. Let's look at NOC's current price ratios compared to its three-year median price ratios on earnings dates. Here is the implied upside from the current price ratio to the median price ratios on earnings dates over the last three years: P/E: 21% Fwd P/E: 18% P/S: 17% Fwd P/S: 21% P/D: 17% Fwd P/D: 23% P/B: 31% P/FCF: 81% Sentiment on NOC is positive, with an 8.3/10 analyst summary score (average rating Buy). The news environment for the company is good, thanks to several US government contracts recently signed, and several others recently successfully completed. Open interest on NOC is about evenly split between bulls and bears, but the 30-day average of trading volume favors the bulls. NOC is nearing support from July lows and a seven-month trend line. I will look to make a buy around 287.Longby ChristopherCarrollSmithUpdated 773
Double BottomThe price has fallen for 4 days now and has built a double bottom now. This may be the signal for an upward retracement.Longby motleifaulUpdated 0
ABC BullishLong entry with a confirmed uptrend NOC Has fallen from a bearish rising narrowing wedge Rising wedges are caused by too much buying (irrational exuberance) without healthy pull backs. They are usually bearish in nature. They differ from triangles as both lines slope up. A rising wedge can be a very long term pattern but can be less. It must be 3 weeks or more in formation. It differs from a flag as it forms an apex where both trendlines converge Possible T2: 391.7 to 415 Possible stop below 307.10 Long entry only with a clear uptrend in place NOC is also in a long term ascending triangle with b/o at 354ish NV is high/short is low Prior and all time high is 385.01 Not a recommendation Longby lauralea0
Trading within the rangeUsing previous candles to aid in understanding what the patterns have been within a certain underlying can assist in being able to identify high correlation areas that contain a greater probability of price action. Using a mixture of fibonacci retracement tools, standard deviation and trend lines we can create a high correlation area that allows us to be able to have a target price with our trading strategy and exit price points as well. by AirMarketGroup0
NOC Trade for 9.14Looking like some short term upside on this. Watching to see if we are correct. Marked the max update as the top line, below lines are zones to exit at. Best, --d0xLongby Parad0x_0
The Bat A Bullish BatEarnings 7-30 I think expectations are low It is a bull bat and I do not see it often Not a recommendationLongby lauraleaUpdated 3
5th wave for NOC 320s, to 400+?price supported on 200 week ma and 50 month ma, fib retrace from jan highs indicates we should see a move to 325. price is currently supported on massive volume at 295, which makes me think it wont get brought below that level. completion of the fifth wave could take price to the 161.8% fib at 460. just a thought.Longby kaareand5
5th wave for NOC 320s, to 400+?looks bullish to me. weekly and monthly charts are both on major supports, 200 ma and 50 ma respectively. not to mention a substantial block of volume from 290 to 330, which makes me think price will be brought back to the top of the volume zone. on the daily chart you can see price was lost under the 23.6% fib retracement from jan high to mar lows, however recently recovered today. furthermore, the most amount of volume on the stock in the past couple years is at 295, which should mean price should be hard to get below that level. from a technical standpoint, 309 and 322 are my shorter term price targets (1-2 weeks). 325 should come shortly after that, given it has the support from the news/the rest of the market. thanks for coming to my ted talk Longby kaareand4
NOCSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets. * Click Like and Follow to Support My Work! --- Hi Traders, I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets. This post is my sharing of how I think about systematic trading and the signals generated by the System T. (This is my opinion only, NOT the financial advice.) The System T is a comprehensive system which contains many components such as buy & sell signal generator, win & loss statistics, risk control & portfolio management to make sure trading is successful in the long run. Basically, for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart. Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement. (*) Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily. System T performances above will give you an idea of how it performs in the last 20 years. Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals". Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/ Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade. Thank you and good luck! --- DISCLAIMER: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only. Do your own due diligence, and take 100% responsibility for your financial decisions. Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading. - Content is for education purposes only, not investment advice. - Trading involves a high degree of risk. - We’re not investment or trading advisers. - Nothing we say is a recommendation to buy or sell anything. - There are no guarantees or certainties in trading. - Many traders lose money. Don’t trade with money you can’t afford to lose. Longby System_TUpdated 5
BUY to NORTHROP GRUMMAN CORPHey traders, NORTHROP GRUMMAN CORP is looking very interesting attempt to abort buyers, great potential of black pull to go up. Please LIKE & FOLLOW, thank you!Shortby stephanelibatd3
Bounce off 50 SMAWorking on my TA. Tested the 50 DMA today. Bounced and closed above. Failed break out of the wedge on the 28th; action likely due to the ex-dividend date of the 29th and some day traders taking advantage. Average volume and lots of sell side volume today it appears. Bought some shares today looking for a swing trade to the wedge resistance line of $338 and hopefully break up in the next 2 weeks. Macro environment is bullish with China confrontation, bearish with likely budget cuts due to COVID-19. Interested in knowing your thoughts.Longby PenguinsFlyUpdated 4
NOC formed a base following a cup with handleNOC cup followed by a handle with 50% Fibonacci retraced, where it eventually formed a solid base. A break above this base is a signal for a large swing up. Longby audamirUpdated 115
Staples of modern civilzation ($NOC)In my last article I lamented my folly of inadvertently buying when CNBC said to do so. Earlier this week I caught a clip of Dave Ramsey, a radio financial advice personality, telling people that they were stupid to not be buying to stock market right now when it was "cheap." Again, we had more downside to go. When you've been trading for a few years you eventually realize that literally everyone, including yourself, has to realize the point of "peak FUD" before the market turns around. There has been far too much optimism following this selloff. "It's just the flu", "the economy is still strong," etc. are just not things you would hear at the tippy-bottom. That being said I still need to be wisely allocating capital in this rare event. Some Weekly timeframe alerts I've set over the past month before the crash have been dinging to my attention this morning that I'm keen to buy. NYSE:NOC and NYSE:WM are two stocks I've been watching and waiting for an opportunity for a long time. NYSE:WM more than others. Weapons and Garbage are staples of civilization... just as much if not moreso than toilet paper (which everyone seems to be inexplicably bullish on).Longby norok5
Long idea on NOCLong on NOC All the target are on the charts. Trade with stop loss and all the targets. Trade at you own risk! Longby MaydoUpdated 3
Defense Stocks ..Lead By Northrup Grumman Rocket To The Upside !US Defense stocks lead by Northrup Grumman ( Chart Shown Here) rocketed higher on 1/3/20, in reaction to assassination of Iran's Security Chief by the United States. Look at the breakaway upside gap in NOC on Friday. This kind of move is an "initiation move", meaning that it is probably just the beginning of the upside move into defense stocks going forward. If you are looking for stocks to buy,... look no further. The reaction of the market the "immediate" big institutional money move into strategic defense stocks in the US,, has been almost breathtaking in scope. That the market is taking this event so seriously should alert every trader that the "risk on" of this aggression could alter"the geopolitical balance in the Middle East, with just one wrong miscalculated move.., by Iran or the US. Take heed. THE_UNWIND 1/4/20 NEW YORK Longby The_Unwind1117
NORTHROP: $375 Road to 100bn and 1tr cap with IRAN catalysta little brother or sister of lockheed's Marillyn this can be reward strong hands with volumeby senyor5
$NOC or Notice of change, we are heading down!Northrop Grumman Corp Technicals 1# 20 Crosses 50 Moving Average in a downwards fashion. Stayed under since October 19th. 2# Price close to 200 Moving Average 3# Lots of distribution within the Descending Triangle, aka bearish formation and Big selling blocks! 4# Higher Bullish volume the recent days, could lead to a false breakout to 360$ 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. Shortby UnknownUnicorn2034381Updated 1
$NOC Northrop Grumman a buyThe tinder box that is the middle east is starting to smoke. p/e RATIO 18.32 Northrop Grumman Corp. engages in the provision of security businesses. It includes products, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization. It operates through the following business segments: Aerospace Systems, Mission Systems, and Technology Services. The Aerospace Systems segment includes the design, development, integration, and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems. The Mission Systems consists of sensors and processing; cyber and intelligence, surveillance and reconnaissance; and advanced capabilities. The Technology Services focuses on global logistics and modernization; advanced defense services; and system modernization and services. The company was founded by John K. Northrop, Thomas V. Jones, and Kent Kresa in 1939 and is headquartered in Falls Church, VA.Longby RedHotStocks2225
Long Idea2/Jan/2020 01:03 PM AUTHOR: Brandon Gum -- The target is pretty hairy and i think it could see resistance at 360 actually...So the RR for this one maybe actually be closer to 1.5 ======================Longby gumbtg6
LONG NOCExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.Longby jerryas2
NOCHi Traders, I'd like to introduce the System T, a computerized system that analyzed and back-tested the 20 years history data of over 100 markets. This post is my sharing of how I think about systematic trading and the signals generated by the System T. (This is my opinion only, NOT the financial advice.) I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart. Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement. (Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.) System T performances result in the bottom will give you an idea of how it performs in the last 20 years. Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals". Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/ Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade. Thank you and good luck! --- System T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk Reward 2:1, 20 Years of Backtesting Data. * Click Like and Follow to Support My Work! DISCLAIMER: I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument. My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only. Do your own due diligence, and take 100% responsibility for your financial decisions. Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading. - Content is for education purposes only, not investment advice. - Trading involves a high degree of risk. - We’re not investment or trading advisers. - Nothing we say is a recommendation to buy or sell anything. - There are no guarantees or certainties in trading. - Many traders lose money. Don’t trade with money you can’t afford to lose. Longby System_TUpdated 6