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Look for Shares of Northrop Grumman to Potentially Pullback after Yesterday's 3.07% Rise

By Nick Russo

Northrop Grumman (NYSE:NOC) traded in a range yesterday that spanned from a low of $302.04 to a high of $303.52. Yesterday, the shares gained 3.1%, which took the trading range above the 3-day high of $299.97 on volume of 388,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Northrop Grumman share prices have moved between a 52-week high of $340.14 and a 52-week low of $223.63 and are now trading 36% above that low price at $303.02 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Keywords: rebounders Northrop Grumman

Ticker(s): NOC