You Should Get to Know Huntington Ingalls Industries

 | Jan 27, 2017 | 11:36 AM EST
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

hii

Huntington Ingalls Industries  (HII) is not a household name, but the charts are very bullish.

This is one name that could be worth the time to get to know better as it has it has more than doubled in the past three years. Let me show you how bullish the charts look.

In this one-year daily bar chart of HII, above, you can see a very strong uptrend in the first half of 2016 followed by a three-month correction. From an early November low and temporary break of the rising 200-day moving average line, HII has tacked on nearly $50 to its share price. The On-Balance-Volume (OBV) line has risen steadily over the past 12 months and supports and confirms the rally. Notice that the OBV line did not decline when HII made its correction. This kind of action suggests that investors bought more HII during the pullback.

In the lower panel is the 12-day momentum study, which shows a slowing of the rally from November to January. The pace of the advance may be slowing, but with the other indicators in such a strong position, I anticipate that we shouldn't lose sleep over this divergence.

In this three-year weekly chart of HII, above, we can see prices prices are above the rising 40-week moving average line. The weekly OBV line has confirmed the advance and recently made a new high to match the new price highs. The Moving Average Convergence Divergence (MACD) oscillator is bullish and has been since late 2015.

Above is a Point and Figure chart of HII. Strong rallies followed by consolidations. A potential price target in the $250 area has my attention. A close below the last reaction low of $175 on the daily bar chart would shake my bullish view.

Columnist Conversations

As far as TSLA is concerned, I still have a higher target above the market at the 409 area.  I stated in ...
The TLT setup discussed in my last commentary is a bust. Key support was violated and it violated the recent l...
BBY is getting smoked this mornings(weak forecast).  The stock is off 8% after opening the session with a...

BEST IDEAS

REAL MONEY'S BEST IDEAS

News Breaks

Powered by

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.