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Watch for Continued Gains in Shares of Hilton Worldwide (HLT)

By James Quinn

Shares of Hilton Worldwide (NYSE:HLT) traded today at $95.51, breaking its 52-week high. This new high was reached on below average trading volume as 80,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.

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 (NYSE:HLT) is currently priced 3.4% above its average consensus analyst price target of $92.30. The stock should discover initial support at its 50-day moving average (MA) of $90.42 and subsequent support at its 200-day MA of $79.66.

Hilton Worldwide share prices have moved between a 52-week high of $95.51 and a 52-week low of $63.76 and are now trading 50% above that low price at $95.51 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.3%.

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 32.6%. We continue to monitor HLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows hilton worldwide

Ticker(s): HLT