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Possible Bearish Inside Day Candle Pattern Detected for Hilton Worldwide (NYSE:HLT)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Hilton Worldwide (NYSE:HLT) based on the price action in the company's shares. Today's price range of $96.15 and $96.42 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Hilton Worldwide may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Hilton Worldwide (NYSE:HLT) defies analysts with a current price ($96.39) 4.2% above its average consensus price target of $92.30. Hilton Worldwide shares have support at the 50-day moving average (MA) of $90.76 and additional support at the 200-day MA of $79.85.

Hilton Worldwide Holdings Inc. operates as a holding company. The Company, through its subsidiaries, provides hospitality services. Hilton Worldwide Holdings owns and manages hotels, resorts, and time share properties globally.

Hilton Worldwide share prices have moved between a 52-week high of $97.09 and a 52-week low of $63.76 and are now trading 51% above that low price at $96.39 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Hilton Worldwide on January 11th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $71.73. Since that recommendation, shares of Hilton Worldwide have risen 35.0%. We continue to monitor HLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bearish inside day candle hilton worldwide

Ticker(s): HLT