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NORTHROP GRUMMAN CORP
(NOC-NYSE):
Technical Viewpoint: From a low
of $93.31 on Jul 22, 2002 prices
rallied, reaching a
high of $129.83
on Sep 16, 2002. A
decline saw prices pull back, reaching a
low of
$122.76 on Sep 19, 2002.
Another rally saw prices penetrate
resistance, closing 9/23/02
at $127.19. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 15, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $123.00. Resistance: Is at $129.83.
Point & Figure: Reversed to the upside on Sep 19, 2002. A P&F upside
reversal takes place at $123.00. Summary: Technical indicators have turned bullish. BUY! NORTHROP GRUMMAN CORP
(NOC-NYSE) @ $127.63 Stop: Use a protective stop of $124.63.
NORTHROP GRUMMAN CORP is currently trading @ $127.19 plus $2.65 on Sep 23, 2002. Price Objective:
$144.00. Risk/Reward: $3.00 VS. $16.38. 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:
$144.00
Risk/Reward:
$3.00 VS. $16.38
Risk/Reward Ratio:
5:1
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