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NORTHROP GRUMMAN CORP COM STK USD1NORTHROP GRUMMAN CORP COM STK USD1NORTHROP GRUMMAN CORP COM STK USD1

NORTHROP GRUMMAN CORP COM STK USD1

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0K92 trade ideas

$NOC Northrop Grumman Long Term Bullish$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 expect a bullish break out of the wedge sometime in the next quarter before next ER. Defense spending isn't going anywhere anytime soon. IMO I could see this stock making a push for the $375-$400 area by year end (assuming overall market conditions remain bullish to neutral). Might be a good day to pick up some long term OTM calls - definitely a lotto play, but I'm looking at Jan 2019 $400 calls going for around $0.40 Note: Observation/opinion, not investment advice.
NYSE:NOCLong
by Triple_Barrel_Capital
$NOC Northrop Grumman Downtrend Breakout Coming$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.
NYSE:NOCLong
by Triple_Barrel_Capital
NOC - Downward momentum short from $299.87 to 242.33NOC seems a nice short setup as it breaking down very nicely. It has lost of insider selling and has broken down all its moving average & now testing its 200 days moving average. now If it breaks below it can continue much down to the 240 area. * Trade Criteria * Date First Found- May 6, 2018 Pattern/Why- Downward momentum short trade Entry Criteria- $299.87 Exit Criteria- 1st Target $242.33, 2nd Target - Momentum Stop Loss Criteria- N/A Indicator Notes- Twiggs money flow deep into the negative side. Special Note- Lots of insider selling. We would consider $280 November Puts Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:NOCShort
by AcornWealthCorp
NOC's robust not-correction Interesting how NOC (and other high performers) interpreted the latest turbulence as dramatic upward moves with troughs higher than its prior trend. So the entire course of the turbulence, even its lowest points, were all win for NOC. Even better than win, NOC's baseline slope indicates a sizable upward shift. While the market had a correction, NOC had a boom! Perhaps panic-striken investors seek out the highest performers during turbulence, giving those stocks an added boost whilst others are falling.
NYSE:NOC
by iGoddard