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iAnneTrader
Feb 19, 2015 10:31 AM

HII trending up Long

Huntington Ingalls Industries, Inc.NYSE

Description

HII has relatively little data but so far the trend has been good. Most of 2014 was spent in consolidation (a cup and handle on the weekly chart) but since then the trend has become well established again.

On the daily chart the pivot high was broken several times with fake breakouts but by early 2015 a solid retest had occurred. Since then there have been several bullish flags.

The volume is probably too low to consider trading this stock just yet (in addition to the lack of historic data) and earnings are due today before the open. But possibly one for the future.
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