Technical Analysis of Northrup Grumman (NOC)
By Yaser Anwar of Equity Investment Advisors
Today i'd like to talk about an idea by Casey Murphy, an excellent technician at ChartAdvisor.
Take a look at NOC because it is currently testing the support of the 200 DMA. This moving average is generally regarded as one of the most influential averages and it is closely followed by many traders.
Expect to see the bulls step in here and push the price back up toward the resistance of the 50 DMA near $65.50.
The MACD indicator has recently crossed above its signal line. This bullish crossover will likely be used by many traders as confirmation of the expected move off of the support.
http://www.equityinvestmentideas.blogspot.com/
Today i'd like to talk about an idea by Casey Murphy, an excellent technician at ChartAdvisor.
Take a look at NOC because it is currently testing the support of the 200 DMA. This moving average is generally regarded as one of the most influential averages and it is closely followed by many traders.
Expect to see the bulls step in here and push the price back up toward the resistance of the 50 DMA near $65.50.
The MACD indicator has recently crossed above its signal line. This bullish crossover will likely be used by many traders as confirmation of the expected move off of the support.
http://www.equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 4:44 AM
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