Don't Ignore This Chart

Ringing the Bell for Hilton

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Hilton (HLT) led the market in the second half of 2017 and then took a breather in 2018. This is looking like the pause that refreshes as the stock challenges resistance. 

First and foremost - you know the drill - the long-term trend is up and this means I am only interested in bullish setups. HLT hit a new high in January and is above the rising 200-day EMA. 

The stock fell back into April as it retraced 50% of its August-January run with a falling channel. Both the retracement amount and the channel are typical for corrections within a bigger uptrend. 

The stock surged off the 50% retracement and triggered a mini breakout within the channel. After a small pullback from resistance, the stock again bounced and looks poised to break channel resistance this time.

A breakout would signal a continuation of the bigger uptrend and I would then expect new highs in the stock.

Note that the videos for my weekly show, On Trend, are archived on YouTube (here).  Yesterday I covered the SPY, QQQ, the Sector SPDRs and the top components within these ETFs.


Plan Your Trade and Trade Your Plan.

- Arthur Hill, CMT

Senior Technical Analyst, StockCharts.com

Book: Define the Trend and Trade the Trend
Twitter: Follow @ArthurHill


Arthur Hill
About the author: , CMT, is a Senior Technical Analyst at StockCharts.com. He has written articles for numerous financial publications including Barrons and Stocks & Commodities magazine. Focusing predominantly on US equities and ETFs, his systematic approach of identifying trend, finding signals within the trend, and setting key price levels has made him an esteemed technician. In addition to his CMT designation, Arthur holds an MBA from the Cass Business School at City University in London. Learn More
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