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

By David Diaz

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 $99.86 and $100.25 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 share prices have moved between a 52-week high of $101.14 and a 52-week low of $63.76 and are now trading 57% above that low price at $99.86 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

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.

Based on a current price of $99.86, Hilton Worldwide is currently 7.6% above its average consensus analyst price target of $92.30. Hilton Worldwide shares have support at the 50-day moving average (MA) of $93.64 and additional support at the 200-day MA of $81.24.

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 40.4%. 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