Traders are watching this Ascending Triangle on NOC. Inspect the chart now.
Bullish continuation pattern.
Traders are watching Northrop Grumman (NOC) as price action tightens. Currently at $542.24, the asset is showing upward momentum (1.64%). Algorithmically, a Ascending Triangle structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $559.7, targeting $640.38 with support near $479.02 (R:R 1.0).
What is your outlook on NOC?