Hyatt hotel earnings pumpThe earnings came in 70% above expectation revenue was also above prediction by 25 million.
The chart is now in price discovery. I dont know if the pump stops soon and retest or keep running.......one to watch
1HTA trade ideas
Rectangle/Weekly ChartEarnings 11-2 BMO (before market opens)
Neutral pattern until broken.
No recommendation
Possible buy situation on H stockHyatt Hotels Corporation, ticker H, has bounced of it's support level sitting at just $106.6 and it's moving up.
I love buying stocks which bounce from it's previous supports, especially when this support is acting as it's previous high.
Things to consider with this trade idea:
1. My Stop Loss will be placed below the support line, around $103.45 level, this level seems to be the best one in my opinion. Why? It will be around 200MA line, so if the price drops heavily to that level, we will most likely see a break of the moving average line.
2. Price level sitting at $117.85 is the first level I will be watching, I will either be adding to position or preparing myself to exit, depending on the price action.
3. Next price level, the ATH price, sitting at just $124.88, if the stock reaches this price range and show signs of good and healthy uptrend, I will surely be adding to my position.
This is just my piece of thought, please do your own due diligence.
Symmetrical TriangleTriangles are often measured by the wide end of the triangle then projected down from the top or bottom line ro determine targets.
70.12
125.07
Day Range
116.08
117.82
EPS (FWD)
2.64
PE (FWD)
44.13
Div Rate (TTM)
$0.15
Yield (TTM)
0.13%
*************Short Interest
9.97%
Market Cap
$12.28B
Volume
403,290
$H Pullback Buy SetupNYSE:H another nice looking pullback buy setup within its base.
I love these kind of setups. They require experience to spot and rarely crowded as a result.
Looks similar to NYSE:FND I posted few minutes ago.
How high will Hyatt go?Hyatt Hotels Corporation has broken out of a meaningful consolidation area and has extended upwards towards the first profit taking target...
$H with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $H after a Positive over reaction following its earnings release placing the stock in drift B.
Double Top/Broadening PatternA broadening pattern can also be called a megaphone.
Double top and descending upper trendline that price has been unable to successfully penetrate..
No recommendation/Price is still above the .382 of the trend up.
H primed to test $100.00Hyatt has broken out with weekly confirmation, likely headed towards testing overhead resistance @ $100.00
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H - Common Recovery PatternAreas in grey are comparable and precede the downward movement
Price dips to a peak in the areas in red which correlate well with the RSI
The first grey recovery was strong
The second should repeat this strength
Green line is the major uptrend
Green bars pattern is expected price movement, as per the first recovery
140 PT ON HYATT HOTELS ?potential inverse head and shoulders thats been in the process of playing out for 2 years
testing all time highs. could potentially be a huge move for the stock.
however the earnings report is looming and we have seen the devastation that could cause recently.
something to keep an eye on for sure for this hospitality stock.
happy trading everyone and im glad to be back.
H breaking outWe have a clear descending channel breakout on the Daily chart.
With market weakness we did not have a continuation today however above 83.60 we could see a retest of $90s
HBreaking out on high volume. SMA confluence acting as support. Might consolidate a little more due to the extremely high volume on the breakout but this should see higher prices over the next year or so if I had to guess.
Inverse Head and Shoulders Price tried to break neckline today on large volume. The top wick made it through but the candle body is barely above the neckline. A break of the neckline with a close above the neckline and an uptrend confirms this pattern.
Possible stop under right shoulder (RS) as the daily low was rejected not far above the RS today and buyers came in.
no recommendation
$H - Hanging by a thread. Short to $64Below POC, below 20/50/200sma, looks like it wants $64.62 (1.618 retracement) which is very close to major breakaway gap.
H Turnaround StockAn entry based off technicals. Upcomming earnings could play a factor on 2 Aug, however Zacks rating is predincting a 15% increase. Entering based on most turnarounds so far have exceeded earnings estimate.
Look to exit before Earnings if 2R target achieved. Target of 95 should earnings be positive
Cup and Handle Bull FlagNot quite to long entry level for the cup and handle pattern but appears to be trying hard.
H is waving a flag. Flags can experience throwbacks and any pattern can fail.
The other major hotel chains have all broken their yearly high
No recommendation
