HII drops to lowest close since May 29th
Moving lower for the 4th day in a row, HII finished Thursday at 219.95 edging lower $0.71 (-0.32%) on low volume. Today's closing price of 219.95 marks the lowest close since May 29th. Closing below Wednesday's low at 220.16, Huntington Ingalls confirms its breakout through the previous session's low having traded $1.34 below it intraday.
Thursday's trading range was $3.62 (1.63%), that's slightly below last trading month's daily average range of $3.87. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way below average.
Prices are trading close to the key resistance level at 222.73. After having been unable to move above 222.82 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 222.44.
The trend is clearly bearish, showing an intact downtrend in the short, medium and long-term.
While classical technical analysis indicates a slightly bearish sentiment for the next trading day, our quantitative statistics show a different picture being bullish.
Market Conditions for Huntington Ingalls Industries
|Down Close Near Low of Period||TQ Pro Members Only|
|Closed below last periods low||TQ Pro Members Only|
|Close to S1 Support||TQ Pro Members Only|
|Very Strong Down Move||TQ Pro Members Only|
|Black Candle||TQ Pro Members Only|
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