Northrop Grumman Corp. stock trades under the ticker NOC & has shown recent bullishness that traders & investors should take a closer look at.
NOC stock closed at $364.21/share on 11/23/2021.
Northrop Grumman Corp. NOC Stock’s Technicals Broken Down
NOC Stock Price: $364.21
10 Day Moving Average: $358.22
50 Day Moving Average: $369.00
200 Day Moving Average: $351.85
RSI: 49.34
MACD: -4.471
Yesterday, NOC stock completed a bullish MACD crossover, on about average volume for the past year.
While their share price is still beneath their 50 day moving average, their current momentum looks set to break through it within the coming days.
With an RSI under 50, there looks to be limited pressure on NOC stock to prevent it from continuing its climb.
Northrop Grumman Corp. NOC Stock As A Long-Term Investment
Investors with long-term focus will find NOC stock’s P/E (ttm) very fair at 12.32, with a high P/B of 5.05.
NOC stock’s quarterly revenue growth Y-o-Y is -4%, although as an aerospace & defense stock this is not as of much importance as other sectors & industries.
NOC has Total Cash (mrq) of $4.06B & Total Debt (mrq) of $14.2B.
Investors in NOC enjoy a 1.66% dividend yield annually, which looks very safe as their payout ratio is 21.2%.
Northrop Grumman Corp. NOC Stock As A Short-Term Trade Using Options
Short-term traders can capitalize on NOC’s current momentum by trading options.
I am looking at the contracts with the 12/17 expiration date.
The $360 & $365 calls look interesting, although low on open interest.
The $365 & $370 puts also look appealing, although also lacking liquidity with the low open interest.
There are more calls than puts, signaling that traders see more upside than downside to NOC stock in the near-term.
Tying It All Together
Overall, traders & investors should find NOC stock interesting & worth taking a closer look at.
They offer a safe dividend yield in the long run, while having strong momentum in the short term.
NOC stock is worth taking a closer look at regardless of your trading style & timeframes.
*** I DO NOT OWN SHARES OF NOC STOCK ***