How we can use the (NOC) price action to our advantage

June 29, 2024, 2:18 AM ET, BY John – Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for NOC

• NONE. details

Currently, there is no support plan that would trigger a purchase of this stock. This usually means that there are currently no clear support levels, so buying the stock when the price is falling could be considered catching a falling knife. Buy signals only occur when resistance breaks to the upside.
This is often a signal that the stock you are watching is weak. Waiting for an uptrend may be wiser than trying to catch a falling knife. New support levels are usually added to the database at the start of the next trading session.

• Short NOC just below 437.15, target nz, stop loss at 438.41 details

The technical summary data suggests a short of NOC as it approaches 437.15, but the downside target is not available from the current data. This tells us to hold this position if triggered until a new downside target is set (updates occur at the start of each trading session) or until the position is stopped. The summary data tells us to set a stop loss at 438.41. 437.15 is the first resistance level above 435.95, and by rule, any test of resistance is a short signal. In this case, a short signal would be present if the 437.15 resistance is tested.

Swing trading plans for NOC

• Buy NOC just above 437.15, target 437.74, stop loss at 435.89 details

If 437.15 starts to rise, the technical summary data tells us to buy NOC just above 437.15, with an upside target of 437.74. The data also tells us to set a stop loss at 435.89 in case the stock turns against the trade. 437.15 is the first resistance level above 435.95, and any break above resistance is usually a buy signal. In this case, 437.15, the initial resistance, would move up, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short NOC just near 437.15, target 428.39, stop loss at 438.41. details

The technical summary data suggests a short of NOC if 437.15 is tested with a downside target of 428.39. However, we should place a stop loss at 438.41 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 437.15 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for NOC

• Buy NOC just above 436.42, target 437.15, stop loss at 435.4 details

If 436.42 starts to rise, the technical summary data tells us to buy NOC just above 436.42, with an upside target of 437.15. The data also tells us to set a stop loss at 435.4 in case the stock turns against the trade. 436.42 is the first resistance level above 435.95, and any break above resistance is usually a buy signal. In this case, 436.42, the initial resistance, would move higher, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short NOC just near 436.42, target 430.79, stop loss at 437.44. details

The technical summary data suggests a short of NOC if 436.42 is tested with a downside target of 430.79. However, we should place a stop loss at 437.44 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 436.42 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Northrop Grumman Corporation (NOC) available here: NOK.

NOC ratings for June 29:

AI-generated signals for NOC

Real-time updates for institutional readers who read regularly:

Instructions:

• Click the “Get real-time updates” button below.

• At the login prompt, select “Forgot username?”

• Enter the email address you use for Factset

• Log in with the username/password you received.

• You have access to real-time updates 24/7.

From then on, you can get the real-time update at any time with a single click.

GET REAL-TIME UPDATES

Our task as #Investors is to pay attention to the #stocks we own. Part of that is looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Northrop Grumman Corporation The data table (NYSE:NOC) below can help you with the price action and we also have more details. Trading plans for NOC are also displayed here; these plans are updated in real-time for subscribers, this report is static. If you want an update or report on another stock, you can get it here: Unlimited Real-Time Reports.