Time for Investors to Take the Plunge on Northrop Grumman Corporation (NYSE:NOC)

Equity Research firms currently have a positive stance on shares of Northrop Grumman Corporation (NYSE:NOC). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.40. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $233.58 on a short term basis.

At the time of writing, the stock was trading at $212.58. This represents a change from the opening price of -1.33%. In terms of performance, year to date, the stock is 15.37%. The monthly stock performance comes in at 1.54%. For the quarter, shares are performing at -2.50%. Weekly performance analysis shows the equity at -0.88%.

In taking a look at technical levels, shares are trading -1.03% away from the 50 day simple moving average and 4.50% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -4.75% away from it’s 52- week high and 28.49% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Northrop Grumman Corporation’s RSI stands at 44.79. In looking at volatility levels, the shares saw weekly volatility of 1.48% and 1.14% over the past month.

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