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Northrop Grumman Set to Possibly Rebound After Yesterday's Selloff of 1.47%

By Amy Schwartz

Northrop Grumman (NYSE:NOC) traded in a range yesterday that spanned from a low of $338.06 to a high of $346.75. Yesterday, the shares fell 1.5%, which took the trading range below the 3-day low of $342.64 on volume of 301,000 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.

In the past 52 weeks, shares of Northrop Grumman have traded between a low of $206.69 and a high of $358.84 and are now at $338.47, which is 64% 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%.

Keywords: rebounders Northrop Grumman

Ticker(s): NOC