Trading Northrop Grumman NOC With Integrated Risk Controls

January 11, 2023, 12:15 pm ET, BY Mitchell H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NOC

• Buy NOC slightly over 484.24 target 516.93 stop loss @ 482.84 Details

The technical summary data tells us to buy NOC near 484.24 with an upside target of 516.93. This data also tells us to set a stop loss @ 482.84 to protect against excessive loss in case the stock begins to move against the trade. 484.24 is the first level of support below 492.543 , and by rule, any test of support is a buy signal. In this case, support 484.24 would be being tested, so a buy signal would exist.

• Short NOC slightly under 516.93, target 484.24, stop loss @ 518.42 Details

The technical summary data is suggesting a short of NOC as it gets near 516.93 with a downside target of 484.24. We should have a stop loss in place at 518.42though. 516.93 is the first level of resistance above 492.543, and by rule, any test of resistance is a short signal. In this case, if resistance 516.93 is being tested, so a short signal would exist.

Swing Trading Plans for NOC

• Buy NOC slightly over 501.14, target 516.93, Stop Loss @ 499.69 Details

If 501.14 begins to break higher, the technical summary data tells us to buy NOC just slightly over 501.14, with an upside target of 516.93. The data also tells us to set a stop loss @ 499.69 in case the stock turns against the trade. 501.14 is the first level of resistance above 492.543, and by rule, any break above resistance is a buy signal. In this case, 501.14, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NOC slightly near 501.14, target 484.24, Stop Loss @ 502.59. Details

The technical summary data is suggesting a short of NOC if it tests 501.14 with a downside target of 484.24. We should have a stop loss in place at 502.59 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 501.14, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NOC

• Buy NOC slightly over 501.14, target 505.64, Stop Loss @ 499.97 Details

If 501.14 begins to break higher, the technical summary data tells us to buy NOC just slightly over 501.14, with an upside target of 505.64. The data also tells us to set a stop loss @ 499.97 in case the stock turns against the trade. 501.14 is the first level of resistance above 492.543, and by rule, any break above resistance is a buy signal. In this case, 501.14, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NOC slightly near 501.14, target 487.39, Stop Loss @ 502.31. Details

The technical summary data is suggesting a short of NOC if it tests 501.14 with a downside target of 487.39. We should have a stop loss in place at 502.31 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 501.14, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for Northrop Grumman (NOC) available here: NOC.

NOC Ratings for January 11:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	484.24
P2	487.39	501.14	516.93
P3	505.64	528.19	554.25

AI Generated Signals for NOC

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