Analysis Summary for Huntington Ingalls Industries (HII)
Date of Analysis: April 5th, 2024
Time Target: A 3-year up composite cycles arrives on May 2nd, 2024.
Price Target: $320 (+/- $15)
Projected Move: Since the recent March high makes no long-term geometrical sense, we have come to the conclusion that it was not THE top. HII should continue its current rally. Our time/price and mathematical calculations suggest the top will arrive at around $320 – most likely in early May (+/- a couple of weeks variance). Once the top is put in place, HII is expected to decline 40%+.
The next down-cycle composite is expected to arrive in August of 2024. As the chart below suggests we expect to see $180 (+/- $10) by that time. Lower targets are also possible.
In summary, we expect HII to move quickly to the downside between early May and August of 2024.
