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NORTHROP GRUMMAN DL 1NORTHROP GRUMMAN DL 1NORTHROP GRUMMAN DL 1

NORTHROP GRUMMAN DL 1

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NTH trade ideas

NOC ShortI wanted to post this yesterday, there is still time though. I can point out the double top, I can point out the huge divergence, or how the market is overbought... However on June 6th, a ton of financial media companies such as investors.com were saying this was a solid buy. This is the prime example of why the "news" or any other FA is not in my trading. They convince the masses to buy at all time highs and ruin peoples finances. Yes, we all know, eventually things recover... it's just the simple fact that they're telling people to buy the top that makes me on rely on TA. This strategy has proven to work for me. Ditch the news, the influences, the brokers, and grind. Learn the charts, reacted to your targets, if you have to wait a day, a month, a year to make a trade, do it... as long as it follows your plan and your plan alone. Just my humble opinion.
NYSE:NOCShort
by BlackMarketButcher
ABC BullishPossible stop under C or recent pocket pivot. NOC broke the resistance of the prior gap down. More resistance overhead at tops of long candle wicks. There is a long legged doji and 2 shooting stars up there. The bottom of today's candle is sitting on the 50 SMA/orange. Longer term moving averages are sloping up. The 20 needs some work/blue/and is sloping down and trying to cut down through the 50. Moving averages are lagging indicators. William's alligator which is comprised of shorter term moving averages is pointing up and is becoming untangled. Larger white numbers are targets one and the smaller are targets 2. Targets 2 are longer term and may or may not be reached. It is also possible targets one will not be reached as all one can do is make an educated guess. This chart is just an observation and not a recommendation. I wish I knew for sure (o: NOC is not oversold of overbought on RSI. CMF is positive. Short percent is under 1%. LMT is in a cup and handle pattern with long entry at 397.10 and targets are 424.60 and 442. "The investor’s chief problem – and even his worst enemy – is likely to be himself." ~ Benjamin Graham
NYSE:NOC
by lauralea
$NOC Gap and Go? Watch ListThis defense contractor may be ready to move to new high ground. I have made pertinent comments on the chart. If you were to pull up a weekly chart, you'd see that this formation is either the formation of a 1st stage base on base or a second stage base setting up. What does that mean? There is a better than normal chance that this stock still has a big move in front of it. All TBD. I'll have this on my watch list and will look for a logical entry where I can define my risk. My hope is it will move sideways for a few days and then start it's move to the upside. My stop would likely be below the low of the gap up day. There is also an area of resistance just above current price. Ideas, not investing / trading advice. From earnings whispers in early April: Northrop Grumman Beats Northrop Grumman (NOC) reported 1st Quarter March 2021 earnings of $6.57 per share on revenue of $9.2 billion. The consensus earnings estimate was $5.48 per share on revenue of $8.5 billion. The Earnings Whisper number was $5.81 per share. Revenue grew 6.2% on a year-over-year basis. Northrop Grumman Corporation is a security company providing systems, products and solutions in unmanned systems, cybersecurity; command, control, communications and computers (C4) intelligence, surveillance, and reconnaissance.
NYSE:NOCLong
by jaxdog
4
Is Northrop Grumman Set To Cool DownI was disappointed with my last call on NOC and hesitant to make this one. However, the RSI signaled a drop first and the other algorithms followed suit today. NOC is also at the top of the trading channel it has been in. All of these factors make me much more confident NOC is set to decline somewhat over the next month. The overall market has been hot. I am getting signals from multiple big name companies that are overbought and due for at least a brief cool down. In the case of NOC, 4 of my algorithms signaled a SELL on April 8, 2021. Equities nearly always obey the signal and move down, but sometimes it may continue to move up first. I have placed two red boxes and two green boxes on the chart. The larger red box depicts all of the historical movement, from a percentage standpoint, that this stock has moved on the 2 Hour chart after a SELL signal occurred. Therefore, this box represents 100% of previous movement upward before the stock finally moved downward. The smaller red box represents 50% of all historical movement upward, before the stock moved downward. The smaller box is more of a precise target for the potential top in this instance. The green boxes represent the same thing. In this instance, the smaller green box would be my projected target for the final bottom. The black dotted arrow represents median historical movement. Medians are a good metric, but they are just one of many I use when forecasting future movement. As always, the stock could decline the very next bar after the signal without looking back (therefore the red boxes would not come into play) or the stock may never decline (and the green boxes may never come into play). All statistics and the full analysis are available for free as always at the site below.
NYSE:NOCShort
by StockSignaler