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SmarTrend Watching for Potential Rebound in Shares of Northrop Grumman After 1.47% Loss

By James Quinn

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.

Over the past year, Northrop Grumman has traded in a range of $206.69 to $358.84 and is now at $338.47, 64% above that low. The 200-day and 50-day moving averages have moved 0.45% higher and 0.78% higher over the past week, respectively.

Keywords: rebounders Northrop Grumman

Ticker(s): NOC