Short under management for 17 weeks
Northrop Grumman bounces 4% as money flow turns back to buying
Short under management for 17 weeks
Our view last week
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.
This week's summary
Northrop Grumman's sell signal has been under management for 17 weeks, with the short more than 20% in the money. After last week's 84% sell-side volume, Northrop Grumman stock bounced 4%, this time on 93% buy-side volume — but price stays boxed into a tight corridor between resistance in the 545 area and support in the 540 area. Money flow has turned firmly positive, while momentum stays negative: early cracks, not yet a turn.
IQS Phase
50
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#137 / 141
US stocks
Trade P&L %
+20.14%
from signal to today
Rank position
ranks 137th among the 141 sell signals for US stocks in our ranking, with a signal strength of 2 out of 100.
Sector context
SectorIndustrial
Benchmark ETFXLI
Sector regimein positive regime
Performanceweekly +1.81% · monthly +1.36%
NOC belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
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