Northrop Grumman's B-21 Raider nears operational readiness
Northrop Grumman Corp. has reported successful flight tests of its new B-21 Raider bomber, marking a significant milestone as the aircraft edges closer to entering service by the end of this decade. The success of these initial flights suggests that Northrop Grumman is on track to begin receiving substantial orders for the serial production of the B-21 as the US Army seeks to replenish and modernise its ageing bomber fleet.
The US bomber fleet currently comprises about 140 aircraft, including the decades-old B-52s, underscoring the urgency and scale of the need for newer aircraft like the B-21 Raider. The Air Force anticipates requiring at least a hundred B-21s to maintain its current fleet strength, highlighting the potential for significant production and revenue growth for Northrop Grumman.
Now let's delve into a technical analysis of Northrop Grumman Corp. (NYSE: NOC) to identify potential trading opportunities:
On the Daily (D1) timeframe, the stock shows a resistance level at 490.60 USD and support at 450.05 USD. The stock has been trading within a channel, indicating an absence of a distinct trend. In a downtrend, a potential target could be 415.00 USD.
Conversely, if an uptrend begins, the short-term target may become 520.00 USD upon a rebound from the support level of 450.05 USD. If the positive momentum continues, the price could escalate to 550.00 USD in the medium term.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
The US bomber fleet currently comprises about 140 aircraft, including the decades-old B-52s, underscoring the urgency and scale of the need for newer aircraft like the B-21 Raider. The Air Force anticipates requiring at least a hundred B-21s to maintain its current fleet strength, highlighting the potential for significant production and revenue growth for Northrop Grumman.
Now let's delve into a technical analysis of Northrop Grumman Corp. (NYSE: NOC) to identify potential trading opportunities:
On the Daily (D1) timeframe, the stock shows a resistance level at 490.60 USD and support at 450.05 USD. The stock has been trading within a channel, indicating an absence of a distinct trend. In a downtrend, a potential target could be 415.00 USD.
Conversely, if an uptrend begins, the short-term target may become 520.00 USD upon a rebound from the support level of 450.05 USD. If the positive momentum continues, the price could escalate to 550.00 USD in the medium term.
—
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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