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Northrop Grumman Makes a Move: Down 1.2%

Published on Thu, 01/31/2013 - 11:32
By Robert Cotter

Northrop Grumman (NYSE:NOC) is one of today's biggest movers, down 1.2% to $65.52. The S&P is currently trading fractionally lower to 1,501 and the Dow Jones Industrial Average is trading fractionally higher to 13,918.

In the past 52 weeks, Northrop Grumman share prices have been bracketed by a low of $56.59 and a high of $71.25 and are now at $65.52, 16% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

Northrop Grumman Corporation is a global security company. The Company provides systems, products, and solutions in aerospace, electronics, information systems, shipbuilding and technical services to government and commercial customers worldwide.

There is potential upside of 0.2% for shares of Northrop Grumman based on a current price of $65.52 and an average consensus analyst price target of $65.63. The stock should find resistance at its 50-day moving average (MA) of $67.15, as well as support at its 200-day MA of $65.28.

By Robert Cotter
rcotter@fnno.com