Don't Ignore This Chart!

Hilton Hotels Books A Room A Little Higher Up (HLT)


Hilton Hotels (HLT) finally broke above a base it has been building for a year. The new 52 week highs are important. The SCTR is breaking above 75 in concert with the breakout on the stock. The Relative Strength shown in purple is breaking out to new highs as well. 

The volume has been above average almost every day since mid October. Volume was a little lighter during Thanksgiving week, but that is expected. The MACD appears to be cresting a little here, so you might get a chance for a lower entry. In general the markets posture has been very bullish as we climb a wall of worry on Europe, elections and retail shopping trends.

Good trading,
Greg Schnell, CMT, MFTA.

Announcement from the Author

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Greg Schnell
About the author: , CMT, is a Senior Technical Analyst at specializing in intermarket and commodities analysis. Based in Calgary, he is a board member of the Canadian Society of Technical Analysts (CSTA) and the chairman of the CSTA Calgary chapter. He is an active member of both the Market Technicians Association (MTA) and the International Federation of Technical Analysts (IFTA).

Greg is also the co-author of Stock Charts for Dummies (Wiley, 2018). Greg joined in 2012 and has be instrumental in helping launch a variety of new blogs and other commentary platforms. Presently, Greg contributes market analysis commentary to The Canadian Technician, Commodities Countdown and Don't Ignore This Chart blogs. Learn More
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