Northrop Grumman Announces $2 Billion Accelerated Share RepurchaNOC: Northrop Grumman Corporation
2021-02-01 06:44:34
Northrop Grumman Announces $2 Billion Accelerated Share Repurchase Agreement
NOCG34 trade ideas
BUY NOC - Northrop Grumman Corporat - STRONG BUY ON WEEKLY CHARTBUY NOC - Northrop Grumman Corporat - STRONG BUY ON WEEKLY CHART
NOC near bottomBuy Zone near and below lower bollinger bands
No fundamentals here just technicals. I don't know how the new administration will affect dod companies
NOC - NORTHROP GRUMMAN ready to break out?NOC is forming a potential (1-2) and break out after the A-B-C correction. Worth keeping an eye on it.
Northop Grumman a buy near trend line supportDefense contractor Northop Grumman fell hard toward trend line support both before and after its earnings report last Friday, despite a solid beat of analyst expectations. The fall has occurred as analysts adjusted forward estimates of earnings and sales downward for the next two years. Despite the downward revisions, Northop Grumman remains a growth company, with PEG ratio of 1.8.
The share price has fallen much faster than earnings expectations, making NOC a very attractive buy as it approaches support. Let's look at NOC's current price ratios compared to its three-year median price ratios on earnings dates. Here is the implied upside from the current price ratio to the median price ratios on earnings dates over the last three years:
P/E: 21%
Fwd P/E: 18%
P/S: 17%
Fwd P/S: 21%
P/D: 17%
Fwd P/D: 23%
P/B: 31%
P/FCF: 81%
Sentiment on NOC is positive, with an 8.3/10 analyst summary score (average rating Buy). The news environment for the company is good, thanks to several US government contracts recently signed, and several others recently successfully completed. Open interest on NOC is about evenly split between bulls and bears, but the 30-day average of trading volume favors the bulls.
NOC is nearing support from July lows and a seven-month trend line. I will look to make a buy around 287.
Double BottomThe price has fallen for 4 days now and has built a double bottom now. This may be the signal for an upward retracement.
ABC BullishLong entry with a confirmed uptrend
NOC Has fallen from a bearish rising narrowing wedge
Rising wedges are caused by too much buying (irrational exuberance) without healthy pull backs. They are usually bearish in nature. They differ from triangles as both lines slope up. A rising wedge can be a very long term pattern but can be less. It must be 3 weeks or more in formation. It differs from a flag as it forms an apex where both trendlines converge
Possible T2: 391.7 to 415
Possible stop below 307.10
Long entry only with a clear uptrend in place
NOC is also in a long term ascending triangle with b/o at 354ish
NV is high/short is low
Prior and all time high is 385.01
Not a recommendation
Trading within the rangeUsing previous candles to aid in understanding what the patterns have been within a certain underlying can assist in being able to identify high correlation areas that contain a greater probability of price action.
Using a mixture of fibonacci retracement tools, standard deviation and trend lines we can create a high correlation area that allows us to be able to have a target price with our trading strategy and exit price points as well.
NOC Trade for 9.14Looking like some short term upside on this.
Watching to see if we are correct.
Marked the max update as the top line, below lines are zones to exit at.
Best,
--d0x
The Bat A Bullish BatEarnings 7-30
I think expectations are low
It is a bull bat and I do not see it often
Not a recommendation
5th wave for NOC 320s, to 400+?price supported on 200 week ma and 50 month ma, fib retrace from jan highs indicates we should see a move to 325. price is currently supported on massive volume at 295, which makes me think it wont get brought below that level. completion of the fifth wave could take price to the 161.8% fib at 460. just a thought.
5th wave for NOC 320s, to 400+?looks bullish to me. weekly and monthly charts are both on major supports, 200 ma and 50 ma respectively. not to mention a substantial block of volume from 290 to 330, which makes me think price will be brought back to the top of the volume zone. on the daily chart you can see price was lost under the 23.6% fib retracement from jan high to mar lows, however recently recovered today. furthermore, the most amount of volume on the stock in the past couple years is at 295, which should mean price should be hard to get below that level. from a technical standpoint, 309 and 322 are my shorter term price targets (1-2 weeks). 325 should come shortly after that, given it has the support from the news/the rest of the market. thanks for coming to my ted talk
NOCSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
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Hi Traders,
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Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
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DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
Trading and investing are risky! Don't invest money you can't afford to lose, because many traders and investors lose money. There are no guarantees or certainties in trading.
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BUY to NORTHROP GRUMMAN CORPHey traders, NORTHROP GRUMMAN CORP is looking very interesting attempt to abort buyers, great potential of black pull to go up.
Please LIKE & FOLLOW, thank you!
Bounce off 50 SMAWorking on my TA. Tested the 50 DMA today. Bounced and closed above. Failed break out of the wedge on the 28th; action likely due to the ex-dividend date of the 29th and some day traders taking advantage. Average volume and lots of sell side volume today it appears. Bought some shares today looking for a swing trade to the wedge resistance line of $338 and hopefully break up in the next 2 weeks.
Macro environment is bullish with China confrontation, bearish with likely budget cuts due to COVID-19.
Interested in knowing your thoughts.
NOC formed a base following a cup with handleNOC cup followed by a handle with 50% Fibonacci retraced, where it eventually formed a solid base. A break above this base is a signal for a large swing up.
Staples of modern civilzation ($NOC)In my last article I lamented my folly of inadvertently buying when CNBC said to do so. Earlier this week I caught a clip of Dave Ramsey, a radio financial advice personality, telling people that they were stupid to not be buying to stock market right now when it was "cheap." Again, we had more downside to go. When you've been trading for a few years you eventually realize that literally everyone, including yourself, has to realize the point of "peak FUD" before the market turns around. There has been far too much optimism following this selloff. "It's just the flu", "the economy is still strong," etc. are just not things you would hear at the tippy-bottom.
That being said I still need to be wisely allocating capital in this rare event. Some Weekly timeframe alerts I've set over the past month before the crash have been dinging to my attention this morning that I'm keen to buy. NYSE:NOC and NYSE:WM are two stocks I've been watching and waiting for an opportunity for a long time. NYSE:WM more than others. Weapons and Garbage are staples of civilization... just as much if not moreso than toilet paper (which everyone seems to be inexplicably bullish on).
Long idea on NOCLong on NOC
All the target are on the charts. Trade with stop loss and all the targets.
Trade at you own risk!
