2/9/2017: daily stock pick (Northrop Grumman)

The defense sector bottomed out since last Tuesday and continue the upward movement. One of defense player: Nothrop Grumman (NOC) stands out as a good potential buying opportunity.

• technical indicators: MACD , PMO all are positive
• all short term MAs' confluence are beneath as strong support
• only 50 days MA as resistance
• buying entry: 232.5~235
• upside target: 240, 245, 250.
• stop loss: below 227.5.

http://schrts.co/liK7g2

In summary, the 50 days MA resistance is relatively easy to be taken out. The upside target: 240, 25, and 250. If break out 250, we will revisit it for future target.