NOC stock: buy or sell
Jan 16th, 2021
NOC stock brief
- Northrop Grumman stock scarcely moved -0.75% to close at $300.75 on the stock market on Friday, breaking a streak of 4 sessions in green.
- Price is drawing a scaled uptrend since last October with higher tops and higher bottoms. This rally marked a 5.97% gain
- Northrop Grumman Corporation operates as a security company.
Should I buy Northrop Grumman stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $NOC stock a buy?
Currently, Northrop Grumman stock matches one trading strategy:
Uptrend buy setup
Northrop Grumman stock continues to trend higher since last October and marked an amazing 5.97% gain. Price marked a local bottom in this uptrend at $286.60 on January 8, and since then it bounced off a 4.94%. Breaking out above $322.75 - it's last top - will be a good entry point if Northrop Grumman resumes the uptrend. If you decide to enter this trade, the suggested stop loss is at $290.48
|Buy setup||Buy point||Stop loss||Risk|
|Uptrend buy setup||$322.75||$290.48||10.00%|
Should I sell Northrop Grumman stock?
"To sell or not to sell", if you are holding Northrop Grumman stock?. Trading strategies allow us to avoid impulsive decisions based on our sentiments or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very simple to follow and are only applicable for selling stocks you already own, not for shorting $NOC stock
A golden rule is that you should not hold a trading operation that shows a higher than expected losses upon the buy. The timing to sell shares must always be ruled by the stop-loss (automatic or manual)
Is it time to sell Northrop Grumman stock?
Currently, Northrop Grumman stock doesn't match any of our preferred sell setups, so if you own Northrop Grumman stock and your operation is in profit probably is not time to sell now
Northrop Grumman ratings
In the last 30 days, 2 analyst ratings were published for Northrop Grumman
|Jan 7th, 2021|
|Robert W. Baird||Buy → Neutral|
Northrop Grumman stock analysis
Since last October, Northrop Grumman has been printing an uptrend that by now marked an amazing 5.97%. The price line shows rising peaks and troughs, and along the way provided very few buying opportunities for those who wanted to trade in. Latest low was on January 8, when price bounced at $286.60. Like in all uptrends, price needs to take breath and now price is consolidating the gains in a range between $322.75 and $286.60
Supports and resistances
The current resistances are:
The current supports are:
Since the price broke down the lower band on January 8, the price has bounced off by 4.94%. The price is trading near to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks
Relative strength index
The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really being of any help to us in making any decisions.
Northrop Grumman stock price history
Northrop Grumman went public priced at an adjusted price1 of $1.19 on Dec 1981. Since then, NOC stock has risen by 25,173.11%, with an average of 645.46% per year. If you had invested thousand dollars in Northrop Grumman stock on the IPO, it would worth $252,731.09 today.
1: Adjusted price after possible price splits or reverse-splits
Price target for Northrop Grumman stock
Nobody knows how much a share will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.
The following table shows the price forecasts posted by financial institutions over the last 30 days. If you are a small investor you must not invest based on these price targets.
Averaging all price targets exposed below, the predicted price for Northrop Grumman stock is $392.00. Northrop Grumman closed at $300.75 on Friday, so the target price is expecting a growth by 30.34%.
|Brokerage firm||Price target|
|Jan 7th, 2021|
|Morgan Stanley||$470.00 → $453.00|
|Robert W. Baird||$386.00 → $331.00|
Earnings and financials
Last October, Northrop Grumman ($NOC) had the quarterly shareholders event and released the report. NOC posted earnings of $5.89 per share on revenue of $9.1 billion. The analysts estimate was $5.64 per share on revenue of $8.9 billion.This compares to Earnings of $5.49 per share same quarter last year, so reported EPS means an improvement of 7.29%. Sales moved up a 7.17% on an annualized basis in the , from $84.8B to $90.8B last quarter.
NOC ($NOC) presents Q4 earnings report on January 28. Wall Street forecasts of $5.77, compared to previous quarter that made $5.89.
Northrop Grumman performance
|Northrop Grumman ($NOC)||0.10%||-4.40%||-1.10%|
Disclaimer:The opinions given in this post are personal and not recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the individual circumstances of the reader, his or her finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are posted for learning reasons only
|Friday, January 15th, 2021|
|Day range||$298.95 - $303.52|
|Average true range||$8.09|
|50d mov avg||$302.54|
|100d mov avg||$312.06|
|200d mov avg||$316.70|
|Earnings date||January 28th, 2021|