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

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