April 14, 2022, 1:40 pm EDT
While Russia’s Moskva, a battleship from the Black Sea fleet, was hit by a Ukrainian missile, the US battleship maker, Huntington Ingalls Industries, Inc (HII) gap-up more than +4% today to begin its mission.
This could be the right time for HII ready for its role in the potential conflict in the air, sea, land, space, or underwater. Having more than 100 years of history making various battleships, carriers, missiles, and the latest unmanned equipment, HII is definitely one of the most critical defense companies for the US to deal with this complex and challenging environment.
Its stock pattern illustrated the timing for today’s breakout is based on more than 8-month of the cup-with-handle base when crossing out the 215 resistance level.
HII could be an ideal portfolio component if the conflict in Russia-Ukraine or China (Taiwan, South China Sea) intensified.