NOC reports on Thursday. It's still 15% off of its ATH. It's been in an uptrend and putting in HL and HH's this year. They beat on revenue and EPS last quarter. There have been a lot of down revisions to estimates, while NOC has a strong history of beating estimates. I'm setting up for a short term trade that assumes a beat. Entry at $472. Targeting overhead resistance at the 200SMA and the top of the gap from the Jan 12 drop to take profit. Setting a stop at $462, which is 1 20 period ATR below the 0.382 of the current extension.
https://www.tradingview.com/x/enbx63Hd/
LMT 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.