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Bearish Moving Average Cross by Northrop Grumman (NOC)

By James Quinn

Today, shares of Northrop Grumman (NYSE:NOC) have crossed bearishly below their 10-day moving average of $238.71 on a volume of 111K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Northrop Grumman share prices have been bracketed by a low of $152.31 and a high of $253.80 and are now at $238.23, 56% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.5%.

SmarTrend is tracking the current trend status for Northrop Grumman and will alert subscribers who have NOC in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Northrop Grumman

Ticker(s): NOC