A key Ascending Triangle has formed on HII. Analyze the breakout level now.
Bullish continuation pattern.
Market participants tracking Huntington Ingalls Industries should note the latest formation. The stock is trading at $415.26, up 2.09% on the day. Price action has carved out a classic **Ascending Triangle**. Volume is average (0.51x avg) with moderate trend strength (1.0). A potential breakout level is identified at **$436.14**, targeting **$536.28** with support near **$351.63** (R:R 1.18).
What is your outlook on HII?