NOC trade ideas
$NOC NORTHROP GRUMMAN CORP Could be gearing up for a big moveThe trend has been to increase spending on defense worldwide. The Pentagon is estimated to spend 1 trillion over the coming 2 decades. NOC is one of the companies that will be a benefactor of such spending. Worldwide countries like Saudi, India and Pakistan have all seen defense as a much needed sector for increased spending.
Northrop Grumman Corp. (NOC) NOC continues to perfrom well, the purchase of Orbital ATK will lead the segment "Innovation Systems", and our earnings projection for the 2018 are now at 17.00 dollars with revenue at 30 billions and 19.00 dollars with 33 billions for the 2019.
2017 Net profit: 2.000 millions dollars
2017 Net debt: 14.400 millions dollars
Dividend yeld: 1.60%
Tracking NOCDaily Supply and Demand Zones to watch for as NOC moves lower. Looking for MACD Divergence upon trend break as trigger to get long with Supply Zone as target.
NOC Bearish Channel Fibonacci Supports and ResistancesThe chart is clear. Weekly closes fit the proposed trend fibonacci lines. It is charged enough, most propably, it will start to climb along the bottom channel support on following week.
$NOC Northrop Grumman Long Term Bullish$NOC Northrop Grumman beat earnings estimates and raised guidance for full-year EPS today. Yet the stock is down more than 5%.
Doesn't make much sense but I'm looking at a long term bullish falling wedge and an oversold RSI at its lowest level in seven years on the weekly chart.
Not only do I expect a bounce off this lower wedge line in the near term but I expect a bullish break out of the wedge sometime in the next quarter before next ER.
Defense spending isn't going anywhere anytime soon. IMO I could see this stock making a push for the $375-$400 area by year end (assuming overall market conditions remain bullish to neutral). Might be a good day to pick up some long term OTM calls - definitely a lotto play, but I'm looking at Jan 2019 $400 calls going for around $0.40
Note: Observation/opinion, not investment advice.
$NOC Northrop Grumman Downtrend Breakout Coming$NOC Northrop Grumman - Expecting positive earnings reports out of defense/aerospace sector next week. Notice the strong steady rebound in (MFI) money flow since early July - seeing this in several defense stocks reporting next week. $NOC broke through $320 resistance recently and successfully retested support earlier this week. I'm anticipating a strong break out of the recent downtrend post earnings next week.
Targeting $340 in the near term.
Note: Observation/opinion, not investment advice.
$NOC - Fallback before the bounce. Long term - I like it. Chart looks good. Short term - I'd stay away from long positions. Definitely expecting another low-mid $320 dip before a serious bounce but, momentum isn't ripe yet. Skip forward 2 - 3 weeks & I'm super bullish going long
NOC Simple AnalysisNOC follows trendline boundries strictly for a long time, as many other major defence players RTN and LMT. It seems that it will crawl up in the shaded box.
#NOC Inside barNOC inside bar...almost sure short trade tomorrow...
324/320 Levels
SL 330 ( just 2 points above....but 8 points opportunity)
Let it go below the last green candle and sell....
NOC - Downward momentum short from $299.87 to 242.33NOC seems a nice short setup as it breaking down very nicely. It has lost of insider selling and has broken down all its moving average & now testing its 200 days moving average.
now If it breaks below it can continue much down to the 240 area.
* Trade Criteria *
Date First Found- May 6, 2018
Pattern/Why- Downward momentum short trade
Entry Criteria- $299.87
Exit Criteria- 1st Target $242.33, 2nd Target - Momentum
Stop Loss Criteria- N/A
Indicator Notes- Twiggs money flow deep into the negative side.
Special Note- Lots of insider selling. We would consider $280 November Puts
Please check back for Trade updates. (Note: Trade update is little delayed here.)
NOC's robust not-correction Interesting how NOC (and other high performers) interpreted the latest turbulence as dramatic upward moves with troughs higher than its prior trend. So the entire course of the turbulence, even its lowest points, were all win for NOC. Even better than win, NOC's baseline slope indicates a sizable upward shift. While the market had a correction, NOC had a boom! Perhaps panic-striken investors seek out the highest performers during turbulence, giving those stocks an added boost whilst others are falling.
#NOC #long #stockNOC is locked into a escalating channel. As you can see from the black lines, the angle of ascent continues to rise. The MACD has set up for another up run and OBV looks good. If you scroll up to the weekly and daily, they look good too.
NOC Breaking UpNOC Is breaking out of Its 4-year accending Channel, This is what a Bullish stock looks like. Support should now be around the top Channel line
Noc a big option UP in the future it is no novelty that the war industry or better said defense is nourished by everything that concerns us today, therefore the current may breathe a little just to take more inpulse, a runner preparing to jump
NOC Upward channel to eternity Super long upward channel that has been running for about 4 years with perfect bounces of the Green MA ribbon, interesting to see many US government security provider charts looking similar
