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NORTHROP GRUDRNNORTHROP GRUDRNNORTHROP GRUDRN

NORTHROP GRUDRN

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NOCG34 trade ideas

$NOC $NOC$NOC has not stayed stagnant like this ever. With biden going to war and them being awarded contracts from NASA I expect this stock back at $350. This is one of the few good names trading under pre-covid evals. Will be buying calls if it dips to $295. Will sell half at $305. If it breaks $305 and rips I will hold until close to closing. Looking to go one month out from inception of my calls. Will be looking at calls $350 a little over one month out. Not investment advice. Just my two cents. GL
NYSE:NOCLong
by wooyangclan
1
Is something about to happen in the Defense Industry?The algorithms, specifically, the Precise Signal is at it again. The signal is a SELL for Northrup Grumman. Historically, the Precise Signal indicating a SELL sees the stock move down an average of 10%. In fact the minimal drop for this signal with NOC is 7%. Considering Friday saw the stock drop 3% off its high, another 7% (or more) would be huge. My MTFs also signaled SELLs, but since the Precise is built off of them this a not a surprise. For you technical junkies, the full analysis with each target is at my site for free as always
NYSE:NOCShort
by StockSignaler
6
$NOC Bullish Position This is my analysis for Northgrop Grumman Corporation, also known as $NOC and is a stock in which I am extremely bullish and wanted to over the reasons why. First, as we focus on the 1HR time frame for this stock, we have an inverse head and shoulders pattern that has nicely formed - and is currently forming a wedge out of the pattern (an extremely bullish indication of price movement upwards within the next couple days). Furthermore, to support this, we can see how RSI is forming a healthy bullish trend gaining strength as we can see multiple “W” patterns of confirmation in RSI (circled on chart) all of which further support my bullish stance. I love this position and it is one I wanted to share with you guys, please let me know any thoughts!
NYSE:NOCLong
by AndrewRoupas
NOC bounce in progressThe Setup Northrop Grumman has made a support trend line since 2013, and it now looks to be bouncing from that line after approaching it Friday. NOC also has support at 287 from recent lows. More importantly, NOC has a positive news catalyst after announcing a $2 billion buyback program this morning. Value NOC is a pretty compelling value. I estimate forward P/E at 11 and forward P/S at 1.25, pretty good for a company with earnings growth. Sales are growing about 3% per year and earnings about 4% per year. NOC also offers a dividend yield over 2% and growing at a rate of 3% per year. It has 3 patens per billion dollars of market cap, which isn't an extraordinary amount of patents, but it's enough to show that the company is innovating. Perhaps most compelling metric is that NOC has about 41% upside to its median valuation of the past 4 years. Sentiment Sentiment on NOC is mixed, with an average 72.25/100 score from S&P Global, but only a middling analyst summary score and ESG rating. Recent earnings revisions have been mixed, and TradingView's technical analysis shows "Strong Sell" on the daily and "Sell" on the weekly. Options interest has been positive, with both open interest and 30-day average volume in bullish territory. The most impressive sentiment metric is the average analyst price target, some 35% above the current price. Although sentiment isn't yet clearly bullish, I believe that it will soon shift in a bullish direction in response to news of the buyback program. My plan is to front-run the change in sentiment, though another possible strategy is to enter on a bullish breakout above the recent resistance trend line. Price Target I think a reasonable near-term price target is $340/share.
NYSE:NOCLong
by ChristopherCarrollSmith
5
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.
NYSE:NOCLong
by ChristopherCarrollSmith
7
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
NYSE:NOCLong
by lauralea
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
NYSE:NOCLong
by kaareand
NOCSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets. * Click Like and Follow to Support My Work! --- Hi Traders, I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets. This post is my sharing of how I think about systematic trading and the signals generated by the System T. (This is my opinion only, NOT the financial advice.) The System T is a comprehensive system which contains many components such as buy & sell signal generator, win & loss statistics, risk control & portfolio management to make sure trading is successful in the long run. Basically, for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart. 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. (*) Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily. System T performances above will give you an idea of how it performs in the last 20 years. Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals". Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/ Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade. Thank you and good luck! --- 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. - Content is for education purposes only, not investment advice. - Trading involves a high degree of risk. - We’re not investment or trading advisers. - Nothing we say is a recommendation to buy or sell anything. - There are no guarantees or certainties in trading. - Many traders lose money. Don’t trade with money you can’t afford to lose.
NYSE:NOCLong
by System_T
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.
NYSE:NOCLong
by PenguinsFly