$NOC Northrop Grumman Downtrend Breakout Coming

١٩ يوليو ٢٠١٨

NOC Northrop Grumman - Expecting positive earnings reports out of defense/aerospace sector next week. Notice the strong steady rebound in (MFI) money flow since early July - seeing this in several defense stocks reporting next week. NOC broke through $320 resistance recently and successfully retested support earlier this week. I'm anticipating a strong break out of the recent downtrend post earnings next week.

Targeting $340 in the near term.







Note: Observation/opinion, not investment advice.