Northrop Grumman Corp. stock trades under the ticker NOC & has shown recent bullishness that traders & investors should research further into.
NOC stock closed at $478.90/share on 7/29/2022.
Northrop Grumman Corp. NOC Stock’s Technical Performance Broken Down
NOC Stock Price: $478.90
10 Day Moving Average: $454.55
50 Day Moving Average: $463.21
200 Day Moving Average: $418.59
RSI: 59.73
MACD: -2.007
On Friday, NOC stock gapped up 5.38%, closing above its 50 day moving average & completing a bullish MACD crossover.
Their RSI is on the overbought end of neutral, and recent trading volumes have been about average compared to the year prior, signaling that there may be momentum to come in th enear-term.
They will need to remain above the $475.49 support level as they try to break above the $487.89 resistance level.
Northrop Grumman Corp. NOC Stock As A Long-Term Investment
Long-term oriented investors will like NOC stock’s P/E (ttm) of 12.55, but will find their 5.32 P/B (mrq) to be a bit rich.
They recently reported -3.8% Quarterly Revenue Growth Y-o-Y, with -8.8% Quarterly Earnings Growth Y-o-Y.
Their balance sheet will require some additional research before making an investment, with $1.17B of Total Cash (mrq) & $14.49B of Total Debt (mrq).
NOC stock pays a 1.36% dividend yield, which appears to be stable in the long-term, as their payout ratio is 17.98%.
84.2% of NOC stock’s outstanding share float is owned by institutional investors.
Northrop Grumman Corp. NOC Stock As A Short-Term Trade Using Options
Short-term oriented traders can use options to hedge against market volatility, while profiting from movements in NOC stock in any direciton.
I am looking at the contracts with the 8/19 expiration date.
The $470, $475 & $472.50 call options are all in-the-money, listed from highest to lowest level of open interest.
The $480, $485 & $490 puts are also in-the-money, in order of most to least liquid.
Tying It All Together
NOC stock offers many interesting opportunities to traders & investors alike.
Investors will like NOC stock’s safe dividend yield, but may want to research their balance sheet more before making an investment.
Traders will like their recent technical performance, as well as how liquid their options are.
Overall, NOC stock is worth taking a closer look into to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF NOC STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***