Bottom Chasing: HIIHuntington Ingalls Industries is an American Fortune 500 shipbuilding company formed on March 31, 2011 as a spin-off of Northrop Grumman. It is the largest military shipbuilder in the United States, with its main shipyard located in Newport.
Market Cap 8.72B
P/E 12.12
Perf YTD -13.61%
ATR 7.69
www.nasdaq.com
Consesus 277.5, 75% strong buy from analysts
H1II34 trade ideas
HII trending upHII has relatively little data but so far the trend has been good. Most of 2014 was spent in consolidation (a cup and handle on the weekly chart) but since then the trend has become well established again.
On the daily chart the pivot high was broken several times with fake breakouts but by early 2015 a solid retest had occurred. Since then there have been several bullish flags.
The volume is probably too low to consider trading this stock just yet (in addition to the lack of historic data) and earnings are due today before the open. But possibly one for the future.