Cutting-edge aircraft and next-generation spacecraft maker Northrop Grumman (NOC) has been ignoring the 2022 bear market and has been trending higher the past 12 months.
Let's check out the flight plan of the charts and indicators.
In this daily bar chart of NOC, below, we can see that prices have moved higher the past 12 months -- ignoring the ups and downs of the broader market averages. NOC is trading above the rising 50-day moving average line and above the rising 200-day line. The 200-day average has not been tested since February and not many stocks can say that.
The On-Balance-Volume (OBV) line shows a positive trend and confirms the price gains. The Moving Average Convergence Divergence (MACD) oscillator has stayed above the zero line for much of the past year.