OptionsPlay DailyPlay

The bullish DailyPlay we chose for Monday Feb 26th is Northrop Grumman (NOC). NOC is part of the Industrial Sector (XLI). Over the last month, XLI has experienced a 2.49% move lower and its 1m and 6m trend has turned bullish on 2/23 and recently bounced higher off its $76 support level.

Northrop Grumman’s 1m and 6m trends turned bullish on 2/9 and recently bounced higher off its $348 support level. With a technical score of 9 (out of 10), NOC is a strong bullish stock that will likely continue higher.

View this Trade Idea on NOC

As a stop loss, if NOC was to trade below $348 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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