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Look for Shares of Hilton Worldwide to Potentially Pullback after Yesterday's 1.19% Rise

By Amy Schwartz

Hilton Worldwide (NYSE:HLT) traded in a range yesterday that spanned from a low of $85.62 to a high of $86.01. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $85.00 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 18.5%. We continue to monitor HLT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Hilton Worldwide share prices have moved between a 52-week high of $86.01 and a 52-week low of $63.76 and are now trading 35% above that low price at $86.01 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

Keywords: rebounders hilton worldwide

Ticker(s): HLT