This defense contractor may be ready to move to new high ground. I have made pertinent comments on the chart. If you were to pull up a weekly chart, you'd see that this formation is either the formation of a 1st stage base on base or a second stage base setting up. What does that mean? There is a better than normal chance that this stock still has a big move in front of it. All TBD. I'll have this on my watch list and will look for a logical entry where I can define my risk. My hope is it will move sideways for a few days and then start it's move to the upside. My stop would likely be below the low of the gap up day. There is also an area of resistance just above current price. Ideas, not investing / trading advice.
From earnings whispers in early April:
Northrop Grumman Beats
Northrop Grumman (NOC) reported 1st Quarter March 2021 earnings of $6.57 per share on revenue of $9.2 billion. The consensus earnings estimate was $5.48 per share on revenue of $8.5 billion. The Earnings Whisper number was $5.81 per share. Revenue grew 6.2% on a year-over-year basis.
Northrop Grumman Corporation is a security company providing systems, products and solutions in unmanned systems, cybersecurity; command, control, communications and computers (C4) intelligence, surveillance, and reconnaissance.
From earnings whispers in early April:
Northrop Grumman Beats
Northrop Grumman (NOC) reported 1st Quarter March 2021 earnings of $6.57 per share on revenue of $9.2 billion. The consensus earnings estimate was $5.48 per share on revenue of $8.5 billion. The Earnings Whisper number was $5.81 per share. Revenue grew 6.2% on a year-over-year basis.
Northrop Grumman Corporation is a security company providing systems, products and solutions in unmanned systems, cybersecurity; command, control, communications and computers (C4) intelligence, surveillance, and reconnaissance.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。