Northrop Grumman (NOC)

Currency in USD
571.58
+3.84(+0.68%)
Closed·
571.95+0.37(+0.06%)
·
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Northrop Grumman (NOC) Price Discussion

It’s time to prep for potential travel to fair value range of $375 to $380. Depending on preferred risk tolerance, some might wait until price reaches support to buy thus bringing average buy-in price down. Another option is to change stop loss on previous buy @ $462 to zero. Another option is to write a covered call @ strike price => $520, using minimum timeframe of 2 months. As always, just because price reaches support doesn’t mean that price can’t go much towards silly range, given emotional maturity of the market operator, so size correctly all buys especially at ranges greater than support and let time do the rest of the work.
This is a buying opportunity at price of 462, if total amount purchased is sized correctly.
Add more to position if price retreats to a range between $425 and $435.
Good job NOC. bullish move forward. Thanks you management services ms Tezcan
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