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Northrop Grumman Falls 1.93% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

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.

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 $383.89 and a 52-week low of $223.63 and are now trading 62% above that low price at $361.61 per share. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.4%.

Keywords: rebounders Northrop Grumman

Ticker(s): NOC