• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Northrop Grumman After 3.07% Gain

By David Diaz

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.

In the past 52 weeks, shares of Northrop Grumman have traded between a low of $223.63 and a high of $340.14 and are now at $303.02, which is 36% above that low price. 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