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Northrop Grumman (NOC) Upgrade Alert, Watch for 8% Technical Downtrend Reversal

Written on Fri, 07/30/2010 - 11:46am
By Chip Brian

Northrop Grumman (NYSE:NOC) upgraded to Neutral from Underperform at BofA/Merrill. The stock closed yesterday at $58.42 on volume of 2,461,300 shares, above average daily volume of 2,240,072.
Northrop Grumman is currently below its 200-day moving average of $59.14 and should find support at its 50-day moving average of $58.29.
SmarTrend is bearish on shares of NOC and our subscribers received a Downtrend alert on May 06, 2010 at $63.53, which has returned 8% to date.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): NOC

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