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Northrop Grumman Crosses Above its 10-day MA (NOC)

By Nick Russo

Today, shares of Northrop Grumman (NYSE:NOC) have crossed bullishly above their 10-day moving average of $269.92 on a volume of 135K 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 $206.69 and a high of $274.61 and are now at $270.30, which is 31% 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 recommended that subscribers consider buying shares of Northrop Grumman on February 27th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $247.27. Since that recommendation, shares of Northrop Grumman have risen 8.3%. 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