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NORTHROP GRUMMAN CORP
(NOC-NYSE):
Technical Viewpoint: From a low
of $74.00 on Dec 26, 2000 prices
rallied, reaching a
high of $90.50
on Jan 21, 2001. A
decline saw prices pull back, reaching a
low of
$85.00 on Feb 12, 2001.
Another rally saw prices penetrate
resistance, closing 2/20/01
at $91.70. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Jan 10, 2001 when the Histogram crossed the "0" line to the upside.
Support: Remains at $87.00. Resistance: Is at $93.00.
Point & Figure: Reversed to the upside on Feb 15, 2001. A P&F upside
reversal takes place at $89.25. Summary: Technical indicators have turned bullish. BUY! NORTHROP GRUMMAN CORP
(NOC-NYSE) @ $91.75 Stop: Use a protective stop of $88.87.
NORTHROP GRUMMAN CORP is currently trading @ $91.70 plus $1.70 on Feb 20, 2001. Price Objective:
$107.00. Risk/Reward: $2.87 VS. $15.25. 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:
$107.00
Risk/Reward:
$2.87 VS. $15.25
Risk/Reward Ratio:
5:1
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