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Stock Charts AI Power Rank: 5.5
Power Rank trend -> Rising
07/26/2024 16:10:00 EST
Northrop Grumman Corporation (NOC)
Industry: Aerospace & Defense
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, NOC has been trading in a range between $442.30 and $423.73 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
NOC is trading below resistance at $488.06, about 2% to the upside. There is support at $470.09 -2% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Northrop Grumman Corporation $NOC entered a Green zone 4 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $505.17, a potential upside of 5.18% from the recent price of 480.30. The stock is trading 2.17% (potential upside) below its 52 week high of $490.72 and 17.32 % (potential downside) above its 52 week low of $409.41 - based on the recent price.
Company Summary
Northrop Grumman Corporation operates as an aerospace and defense technology company in the United States, Asia/Pacific, Europe, and internationally The company's Aeronautics Systems segment designs, develops, manufactures, integrates, and sustains aircraft systems. This segment also offers unmanned autonomous aircraft systems, including high-altitude long-endurance strategic ISR systems and vertical take-off and landing tactical ISR systems; and strategic long-range strike aircraft, tactical fighter and air dominance aircraft, and airborne battle management and command and control systems.
News
| Betting Big On Defense: Northrop Grumman Is Back Betting Big On Defense: Northrop Grumman Is Back Source: Seeking Alpha Fri, 26 Jul 2024 13:33:05 -0400 Sentiment: Positive |
| The 3 Best Acoustic Cloaking Stocks to Buy Now While it may sound like something straight out of science fiction, acoustic cloaking technology is real, albeit incredibly niche in its industrial applications. As a result, there are currently no companies we can comfortably call acoustic cloaking companies, and no stocks that are directly related to the acoustic cloaking technology. Source: InvestorPlace Fri, 26 Jul 2024 11:21:38 -0400 Sentiment: Positive |
| Northrop Grumman (NOC) Crossed Above the 200-Day Moving Average: What That Means for Investors Northrop Grumman (NOC) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, NOC crossed above the 200-day moving average, suggesting a long-term bullish trend. Source: Zacks Investment Research Fri, 26 Jul 2024 10:30:39 -0400 Sentiment: Positive |
| Gold Down 2.5%; Northrop Grumman Posts Upbeat Earnings U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining over 350 points on Thursday. Source: Benzinga Thu, 25 Jul 2024 14:23:10 -0400 Sentiment: Positive |
| Northrop (NOC) Beats on Q2 Earnings, Ups '24 Sales View Northrop's (NOC) Q2 sales of $10.22 billion outpace the Zacks Consensus Estimate by 1.4%. The top line also rises 6.7% from the year-ago quarter's level. Source: Zacks Investment Research Thu, 25 Jul 2024 10:50:31 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 490.7209 52 Week Low: 409.4131 Beta: 0.321 50 Day MA: 443.0922 200 Day MA: 460.6292 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.191 Qtr Revenue Growth YOY: 0.067 Forward PE: 18.5185 Trailing PE: 31.2492