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Possible Bearish Inside Day Candle Pattern Detected for Hyatt Hotels-A (NYSE:H)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Hyatt Hotels-A (NYSE:H) based on the price action in the company's shares. Yesterday's price range of $70.39 and $70.78 is within the prior day'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 Hyatt Hotels-A may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Hyatt Hotels Corp. is a global hospitality company. The Company manages, franchises, owns, and develops branded hotels, resorts, and residential and vacation ownership properties around the world.

In the past 52 weeks, shares of Hyatt Hotels-A have traded between a low of $63.45 and a high of $84.89 and closed yesterday at $70.39, which is 11% above that low price. The 200-day and 50-day moving averages have moved 0.15% lower and 0.05% higher over the past week, respectively.

Hyatt Hotels-A has overhead space with shares priced $70.39, or 18.2% below the average consensus analyst price target of $86.06. The stock should find resistance at its 200-day moving average (MA) of $75.08, as well as support at its 50-day MA of $68.36.

SmarTrend is monitoring the recent change of momentum in Hyatt Hotels-A. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hyatt Hotels-A in search of a potential trend change.

Keywords: bearish am inside day candle hyatt hotels-a

Ticker(s): H