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

By Nick Russo

Northrop Grumman (NYSE:NOC) crossed under its 10-day moving average of $263.92 on a volume of 124K 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.

Over the past year, Northrop Grumman has traded in a range of $206.69 to $266.74 and is now at $263.40, 27% above that low. The 200-day and 50-day moving averages have moved 0.45% higher and 0.78% higher over the past week, respectively.

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 7.1%. 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