Stay the night at Hilton $HLT – June 17, 2024
This is Scott McGregor with StockMarketMentor.com and your Chart of the Day. I want to take a quick look at Hilton Worldwide Holdings ( NYSE: HLT ).
Hilton ( NYSE: HLT ) looks like a stock that you want to hold overnight as it is holding up very well above all the major moving averages. You can see this clear breakdown that happened in April. We got a backtest here in late May, and ever since then, it’s been able to get back above all these key moving averages.
The moving averages are in order with the shortest or the fastest on top. The 50-day moving average here, with support around 200.00, and it is just coming up to a bit of a pivot zone right around that 215.00 level. So I would watch this stock for a potential breakout higher, above 215.00, coming on higher than average volume.
If that’s the case then I think you will want to stay overnight at Hilton ( NYSE: HLT ) and let this stock trend higher, as long as it can hold above that 8-day exponential period moving average.
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