For today's chart we've chosen to take a look at HLT because it has recently failed to move above the resistance found near $28.50. As you can see from the chart below, the $28.50 level prevented the bulls from pushing the price higher in late June and it is interesting to see that the resistance seems to be a factor again.

We've also added the MACD indicator, which has recently crossed below its signal line. This bearish crossover will likely be used by traders to confirm the strength of the nearby resistance. We'll watch for the shares of HLT to pull back toward the short-term support near $26.50.



HLT_092806.gif

You May Also Like

Related Analysis
  1. Professionals

    The Coming Stock Market Decline: What to Expect

  2. Professionals

    Essential Software for Financial Advisors

  3. Stock Analysis

    3 Stocks To Buy and Hold For the Rest of 2015

  4. Stock Analysis

    Rite Aid's 5 Key Strategies for Long-Term Success

  5. Stock Analysis

    3 Reasons ARM Holdings' Stock Could Rise

Trading Center
×

You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!