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Northrop Grumman Bullish Moving Average Crossover Alert (NOC)

By Amy Schwartz

Today, shares of Northrop Grumman (NYSE:NOC) have crossed bullishly above their 10-day moving average of $221.57 on a volume of 646K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Northrop Grumman have traded between a low of $152.31 and a high of $223.93 and are now at $223.91, which is 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Northrop Grumman on February 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $191.88. Since that recommendation, shares of Northrop Grumman have risen 15.1%. 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