• Return to Headlines

Northrop Grumman Bullish Moving Average Crossover Alert (NOC)

By David Diaz

Northrop Grumman (NYSE:NOC) shares have crossed bullishly above their 10-day moving average of $276.64 on a volume of 413K 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 $251.66 and a high of $360.88 and are now at $277.32, which is 10% above that low price. The 200-day and 50-day moving averages have moved 0.32% lower and 0.89% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Northrop Grumman on October 11th, 2018 by issuing a Downtrend alert when the shares were trading at $302.36. Since that call, shares of Northrop Grumman have fallen 9.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Northrop Grumman

Ticker(s): NOC