Northrop Grumman, a flat week inside the 540-545 corridor
Northrop Grumman closes flat (0%): the decline stays boxed between 540 and 545
Northrop Grumman, a flat week inside the 540-545 corridor
Our view last week
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.
This week's summary
Northrop Grumman closes the week flat, with trading split evenly between buyers and sellers: last week's 4% bounce stalls in the same corridor, between support in the 540 area and resistance in the 545 area. Money flow stays positive but loses steam, while momentum keeps weighing on the downside. The short has been open for 18 weeks and sits more than 20% in the money.
IQS Phase
46
ordinary
Signal Strength
2
decline fading out
Sizing
MINIMUM
Ranking
#125 / 138
US stocks
Trade P&L %
+20.11%
from signal to date, no stop loss
Rank position
ranks 125th among the 138 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 -1.54% · monthly -1.92%
NOC belongs to the industrial sector (reference ETF XLI). The sector is classified in positive regime according to our weekly reading.
restricted Platinum content