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After Yesterday's Decline of 1.93%, Northrop Grumman Offers Investors Better Value

By Shiri Gupta

Northrop Grumman (NYSE:NOC) traded in a range yesterday that spanned from a low of $361.25 to a high of $371.17. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $363.62 on volume of 432,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Northrop Grumman share prices have been bracketed by a low of $223.63 and a high of $383.89 and are now at $361.61, 62% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.8%.

SmarTrend is tracking the current trend status for Northrop Grumman and will alert subscribers who have NOC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Northrop Grumman

Ticker(s): NOC