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NORTHROP GRUMMAN
(NOC-NYSE):
Technical Viewpoint: From a low
of $76.40 on Jul 25, 2001 prices
rallied, reaching a
high of $81.64
on Jul 31, 2001. A
decline saw prices pull back, reaching a
low of
$77.10 on Aug 14, 2001.
Another rally saw prices penetrate
resistance, closing 8/27/01
at $84.15. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 22, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $82.00. Resistance: Is at $85.50.
Point & Figure: Reversed to the upside on Aug 24, 2001. A P&F upside
reversal takes place at $81.75. Summary: Technical indicators have turned bullish. BUY! NORTHROP GRUMMAN
(NOC-NYSE) @ $84.62 Stop: Use a protective stop of $81.87.
NORTHROP GRUMMAN is currently trading @ $84.15 plus $2.25 on Aug 27, 2001. Price Objective:
$95.00. Risk/Reward: $2.75 VS. $10.38. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$95.00
Risk/Reward:
$2.75 VS. $10.38
Risk/Reward Ratio:
4:1
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