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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
09/06/2024 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 $522.69 and $492.39 (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 $523.21, about 2% to the upside. There is support at $474.57 -8% 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 49 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $505.17, a potential down side of -1.91% from the recent price of 515.00. The stock is trading 2.67% (potential upside) below its 52 week high of $528.76 and 26.29 % (potential downside) above its 52 week low of $407.80 - 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
| Northrop Grumman to Participate in the 12th Annual Morgan Stanley Laguna Conference FALLS CHURCH, Va., Sept. 05, 2024 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) will participate in the 12th Annual Morgan Stanley Laguna Conference on Thursday, September 12. Kathy Warden, chair, chief executive officer and president, will present beginning at 12:20 p.m. Eastern time. The presentation will be webcast live at http://investor.northropgrumman.com . Source: GlobeNewsWire Thu, 05 Sep 2024 09:00:00 -0400 Sentiment: Neutral |
| Easterly Government Properties Acquires 99,246 SF Facility Adjacent to Wright-Patterson Air Force Base and Occupied by Northrop Grumman Systems Corporation WASHINGTON--(BUSINESS WIRE)--Easterly Government Properties, Inc. (NYSE: DEA) (the “Company” or “Easterly”), a fully integrated real estate investment trust focused primarily on the acquisition, development and management of Class A commercial properties leased to the U.S. Government and its adjacent partners, announced today that it has acquired a 99,246 square foot facility 100% leased to Northrop Grumman Systems Corporation (NYSE: NOC, S&P: BBB+), a multinational aerospace and defense co. Source: Business Wire Thu, 05 Sep 2024 08:00:00 -0400 Sentiment: Neutral |
| Defense Sector: Overbought or Resilient? Subscribers to Chart of the Week received this commentary on Sunday, September 1. Source: Schaeffers Research Wed, 04 Sep 2024 10:36:12 -0400 Sentiment: Neutral |
| Growing Cash Flows, Strong Defense Demand Position Northrop Grumman For Long-Term Success Northrop Grumman is poised to benefit from rising global defense spending, driven by geopolitical instability and increased military budgets in NATO countries. NOC's strong Q2 results, including a 7% revenue increase and 80% growth in free cash flow, highlight its robust financial performance. The company's expanding order book and potential strategic acquisitions in cybersecurity and space position it for sustained revenue and profit growth. Source: Seeking Alpha Sun, 01 Sep 2024 09:35:01 -0400 Sentiment: Positive |
| The Best Stocks to Invest $50,000 In Right Now Aerospace and defense giant Northrop Grumman has raised its dividends annually for 21 consecutive years. Cybersecurity specialist Cloudflare is growing revenue in tandem with an increased demand for its security services. Source: The Motley Fool Fri, 30 Aug 2024 05:25:00 -0400 Sentiment: Positive |
Technicals 52 Week Hi: 528.76 52 Week Low: 407.7995 Beta: 0.337 50 Day MA: 476.56 200 Day MA: 464.9502 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.191 Qtr Revenue Growth YOY: 0.067 Forward PE: 18.797 Trailing PE: 33.4416