$NOC Northrop Grumman Downtrend Breakout Coming
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.
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