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Feb 7, 2019 9:35 AM

HII approaching resistance, potential drop!  Short

Huntington Ingalls Industries, Inc.NYSE

Description

HII is approaching our first resistance at 218.12 (horizontal swing high resistance, 50% Fibonacci retracement) where a strong drop might occur pushing price down to our major support at 196.13 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop in price.
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