(10-30-2020, 11:58 AM)vbin Wrote: Not a chart expert but that's also called reversed W or double roof. Probability is to go further lower after this chart. @fenders53 where do you see NOC trading at 1.5 times of historical PE?
That isn't what I said at all. NOC PE is very reasonable today, and earnings estimates are as recession proof as it gets. The contracts take as long as as decade to be completed and they get paid as they go.