Northrop Grumman: sellers take back control
Northrop Grumman drops 3.3% as sellers retake control
Northrop Grumman: sellers take back control
Our view last week
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.
This week's summary
After last week's faint bounce, Northrop Grumman's sell signal bites back: -3.3% this week, with 84% of volume on the sell side and the last bar dominated by sellers to an extreme. Money flow stays just barely positive, but candle body conviction is fading. The short has been under management for 17 weeks, now over 23% in profit, with earnings due July 21.
IQS Phase
69
in tension
Signal Strength
30
decline starting to make lower lows
Sizing
REDUCED
Ranking
#88 / 140
US stocks
Trade P&L %
+23.19%
from signal to today
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