Hilton Hotels Corp

By root | September 27, 2006 AAA

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. Options & Futures

    Trade Covered Calls On High Dividend Paying Stocks

  2. Stock Analysis

    More Bad News for Altria: Regulators Attack E-Cigs

  3. Stock Analysis

    How Melco Crown's Mass-Market Focus Could Win Out

  4. Stock Analysis

    Are Banks Running Scared of Medallion Loans?

  5. Stock Analysis

    3 Things I Learned From NVIDIA's Analyst Day

Trading Center