HII pushes through 200-day moving average
Huntington Ingalls Industries Inc. (HII) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
Moving higher for the 4th day in a row, HII ended the week 0.8% higher at 237.85 after gaining $1.20 (0.51%) today. Today's closing price of 237.85 marks the highest close since August 2nd. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range.
Daily Candlestick Chart (HII as at Aug 10, 2018):
Friday's trading range was $5.14 (2.18%), that's slightly above last trading month's daily average range of $4.71. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
After having been unable to move lower than 234.19 in the previous session, the market found buyers again around the same price level today at 234.95.
Although still in a long-term downtrend, the short and medium-term trends both turned bullish already. Huntington Ingalls managed to break above the 200-day moving average at 237.39 today for the first time since August 2nd.