Traders are watching this Rectangle on NOC. Inspect the chart now.
Sideways movement between parallel supports.
Bearish continuation pattern.
Technical analysis of Northrop Grumman (NOC) reveals a significant setup. Price has moved to $680.13 (-0.17%) amidst recent volatility. The primary technical feature is a Descending Triangle formation. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $663.93, targeting $553.86 with support near $708.55 (R:R 2.47).
What is your outlook on NOC?