Northrop Grumman: the rally cools, buyers step back in
Northrop Grumman slips 1.7% after last week's rally, but money flow turns positive
Northrop Grumman: the rally cools, buyers step back in
Our view last week
Northrop Grumman is in week 15 of a sell signal, and the week just closed gained 9.8% with volume shifting almost entirely back to buyers. The bounce started from the 495 area, an 11% recovery from the 20-day moving average. Momentum, RSI and money flow are all moving the same way: improving from recent weeks. Earnings sit in the background, expected July 21.
This week's summary
After last week's 9.8% surge, Northrop Grumman's sell signal cools this week: -1.7%, with volume back in balance. The bounce hasn't stopped though — a fresh test below the 20-day average, the 528 area, and a 2% recovery — and money flow turns positive for the first time in a month. In this week's technical analysis, the short stays over 20% in profit, but the underlying structure isn't fully repaired yet.
IQS Phase
54
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#118 / 137
US stocks
Trade P&L %
+20.53%
from signal to today
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