• Return to Headlines

Possible Bullish Inside Day Candle Pattern Detected for Huntington Ingal (NYSE:HII)

By Shiri Gupta

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Huntington Ingal (NYSE:HII) based on the price action in the company's shares. Yesterday's price range of $204.75 and $205.60 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Traders and investors interested in shares of Huntington Ingal may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

In the past 52 weeks, Huntington Ingal share prices have been bracketed by a low of $173.80 and a high of $262.32 and closed yesterday at $205.54, 18% above that low price. The 200-day and 50-day moving averages have moved 0.3% lower and 0.21% higher over the past week, respectively.

Huntington Ingalls Industries, Inc. (HII) designs, builds, and maintains nuclear and non-nuclear ships for the United States Navy and Coast Guard. The Company also provides after-market services for military ships worldwide. HII consists of two primary business divisions, Newport News Shipbuilding and Ingalls Shipbuilding.

Huntington Ingal (NYSE:HII) has potential upside of 25.7% based on a current price of $205.54 and analysts' consensus price target of $258.45. Huntington Ingal shares should first meet resistance at the 50-day moving average (MA) of $211.66 and find additional resistance at the 200-day MA of $218.60.

SmarTrend is tracking the current trend status for Huntington Ingal and will alert subscribers who have HII in their portfolio or watchlist when shares have changed trend direction.

Keywords: bullish am inside day candle huntington ingal

Ticker(s): HII