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. Forex Strategies

    Can Forex Trading Make You Rich?

  2. Stock Analysis

    Thursday Defense Contracts Top $980 Million

  3. Investing Basics

    Will Jack Dorsey Save Twitter?

  4. Stock Analysis

    Starbucks Growth Is a Red Flag for Keurig

  5. Stock Analysis

    Whole Foods Market Crafts Beer Sales in Texas

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!