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.
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NOCG34 trade ideas
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!
Defense Stocks ..Lead By Northrup Grumman Rocket To The Upside !US Defense stocks lead by Northrup Grumman ( Chart Shown Here)
rocketed higher on 1/3/20, in reaction to assassination of Iran's Security Chief by the United States.
Look at the breakaway upside gap in NOC on Friday.
This kind of move is an "initiation move",
meaning that it is probably just the beginning of the upside move into defense stocks going forward.
If you are looking for stocks to buy,... look no further.
The reaction of the market the "immediate" big institutional money move into strategic defense stocks in the US,,
has been almost breathtaking in scope.
That the market is taking this event so seriously should alert every trader that the "risk on" of this aggression
could alter"the geopolitical balance in the Middle East, with just one wrong miscalculated move.., by Iran or the US.
Take heed.
THE_UNWIND
1/4/20
NEW YORK
NORTHROP: $375 Road to 100bn and 1tr cap with IRAN catalysta little brother or sister of lockheed's Marillyn this can be reward strong hands with volume
$NOC or Notice of change, we are heading down!Northrop Grumman Corp
Technicals
1# 20 Crosses 50 Moving Average in a downwards fashion. Stayed under since October 19th.
2# Price close to 200 Moving Average
3# Lots of distribution within the Descending Triangle, aka bearish formation and Big selling blocks!
4# Higher Bullish volume the recent days, could lead to a false breakout to 360$
Relevant
# Received recent upgrades from Morgan Stanley 449$ PT
# Consensus Analyst Price Target 400$ Based on 7 analysts.
# Insider SELLING, lots of it throughout the year.
$NOC Northrop Grumman a buyThe tinder box that is the middle east is starting to smoke.
p/e RATIO 18.32
Northrop Grumman Corp. engages in the provision of security businesses. It includes products, systems, and solutions in autonomous systems, cyber, command, control, communications and computers, intelligence, surveillance and reconnaissance, strike, and logistics and modernization. It operates through the following business segments: Aerospace Systems, Mission Systems, and Technology Services. The Aerospace Systems segment includes the design, development, integration, and production of manned aircraft, autonomous systems, spacecraft, high-energy laser systems, microelectronics, and other systems and subsystems. The Mission Systems consists of sensors and processing; cyber and intelligence, surveillance and reconnaissance; and advanced capabilities. The Technology Services focuses on global logistics and modernization; advanced defense services; and system modernization and services. The company was founded by John K. Northrop, Thomas V. Jones, and Kent Kresa in 1939 and is headquartered in Falls Church, VA.
Long Idea2/Jan/2020 01:03 PM AUTHOR: Brandon Gum
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The target is pretty hairy and i think it could see resistance at 360 actually...So the RR for this one maybe actually be closer to 1.5
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LONG NOCExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
NOCHi Traders,
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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.
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Potential nice short playNOC has struggled nice September and might finally set itself free to the downside.
NOC for the winAs you can see, I believe NOC will rise in the short term until it gets to around $380-$390. We will then see it drop and continue to bounce around these two boundaries while steadily going up in the long term.
Not financial advice.
NOCI like this one! Strong trand, descent financial... But.. Take a look at W and D charts.
Double top technical formation is in front of us. Nice opportunity to squeeze this beauty
