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Northrop Grumman Bearish Moving Average Crossover Alert (NOC)

By Amy Schwartz

Today, shares of Northrop Grumman (NYSE:NOC) have crossed bearishly below their 10-day moving average of $368.49 on a volume of 126K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Northrop Grumman have traded between a low of $223.63 and a high of $377.34 and are now at $367.84, which is 64% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.0%.

SmarTrend recommended that subscribers consider buying shares of Northrop Grumman on April 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $280.81. Since that recommendation, shares of Northrop Grumman have risen 31.4%. We continue to monitor NOC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Northrop Grumman

Ticker(s): NOC