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Northrop Grumman Set to Possibly Rebound After Yesterday's Selloff of 1.93%

By Amy Schwartz

Northrop Grumman (NYSE:NOC) traded in a range yesterday that spanned from a low of $362.51 to a high of $366.42. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $364.64 on volume of 355,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Northrop Grumman on April 12th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $280.81. Since that recommendation, shares of Northrop Grumman have risen 32.0%. We continue to monitor NOC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Northrop Grumman share prices have moved between a 52-week high of $377.34 and a 52-week low of $223.63 and are now trading 62% above that low price at $363.05 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.4%.

Keywords: rebounders Northrop Grumman

Ticker(s): NOC