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NORTHROP GRUMMAN
(NOC-NYSE):
Technical Viewpoint: From a low
of $42 5/8 on Mar 2, 2000 prices
rallied, reaching a
high of $55 5/8
on Mar 17, 2000. A
decline saw prices pull back, reaching a
low of
$51.19 on Apr 3, 2000.
Another rally saw prices penetrate
resistance, closing 4/17/00
at $81 3/4. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Mar 15, 2000 when the Histogram crossed the "0" line to the upside.
Support: Remains at $59.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Apr 4, 2000. A P&F upside
reversal takes place at $60.00. Summary: Technical indicators have turned bullish. BUY! NORTHROP GRUMMAN
(NOC-NYSE) @ $64 3/8 Stop: Use a protective stop of $61 1/2.
NORTHROP GRUMMAN is currently trading @ $81 3/4 plus $4 3/8 on Apr 17, 2000. Price Objective:
$79.00. Risk/Reward: $2 7/8 VS. $14 5/8. Today's Risk Reward Ratio: 5:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$79.00
Risk/Reward:
$2 7/8 VS. $14 5/8
Risk/Reward Ratio:
5:1
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