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NORTHROP GRUMMAN
(NOC-NYSE):
Technical Viewpoint: From a low
of $88.50 on Nov 16, 2002 prices
rallied, reaching a
high of $98.00
on Nov 20, 2002. A
decline saw prices pull back, reaching a
low of
$91.03 on Nov 27, 2002.
Another rally saw prices penetrate
resistance, closing 12/31/02
at $100.81. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Dec 21, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $96.75. Resistance: Is at $105.00.
Point & Figure: Reversed to the upside on Dec 20, 2002. A P&F upside
reversal takes place at $98.00. Summary: Technical indicators have turned bullish. BUY! NORTHROP GRUMMAN
(NOC-NYSE) @ $101.25 Stop: Use a protective stop of $98.25.
NORTHROP GRUMMAN is currently trading @ $100.81 plus $1.16 on Dec 31, 2002. Price Objective:
$116.00. Risk/Reward: $3.00 VS. $14.75. 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:
$116.00
Risk/Reward:
$3.00 VS. $14.75
Risk/Reward Ratio:
5:1
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