The Traderszone Network

Published in TZ Latest News 21 May, 2017 by The TZ Newswire Staff

Northrop Grumman Awaiting Bullish Triangle Breakout

Northrop Grumman (NOC) has risen ten fold since this bull market began in 2009 and its current bullish pattern suggests that this defense company is not ready to roll over just yet.  It’s been a struggle to clear 250 price resistance the past 6-7 months, but the rising lows are an indication that we should expect another breakout – with this ascending triangle measuring to perhaps 280 or so in time upon a heavy volume breakout.  Here’s the current technical view:

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