HII drops to lowest close since May 29th

Huntington Ingalls Industries Inc. (HII) Technical Analysis Report for Jun 14, 2018 | by Techniquant Editorial Team


HII closes lower for the 4th day in a row
HII runs into sellers again around 222.44
HII breaks below previous session low
HII falls 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.

Daily Candlestick Chart (HII as at Jun 14, 2018):

Daily technical analysis candlestick chart for Huntington Ingalls Industries Inc. (HII) as at Jun 14, 2018

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.

Market Conditions for HII as at Jun 14, 2018

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