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

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Hilton Worldwide (NYSE:HLT) based on the price action in the company's shares. Yesterday's price range of $109.04 and $109.30 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. Traders and investors interested in shares of Hilton Worldwide may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Hilton Worldwide (NYSE:HLT) is currently priced 14.9% above its average consensus analyst price target of $92.30. The stock should discover initial support at its 50-day moving average (MA) of $103.97 and subsequent support at its 200-day MA of $95.35.

In the past 52 weeks, Hilton Worldwide share prices have been bracketed by a low of $69.12 and a high of $112.69 and closed yesterday at $108.40, 57% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.8%.

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.

SmarTrend recommended that subscribers consider buying shares of Hilton Worldwide on October 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $96.09. Since that recommendation, shares of Hilton Worldwide have risen 13.9%. We continue to monitor HLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: bullish am inside day candle hilton worldwide

Ticker(s): HLT