Investing.com - Financial Markets Worldwide
💎 5 of the Mag 7 report earnings next week. Which one should you buy?Ask WarrenAI

Are Hotels Empty? Stocks Are Making It Look That Way

ByDragonfly Capital
AuthorGregory W. Harmon
Published 04/11/2014, 01:14 AM
TNL
2.40%
CHH
1.71%
H
2.28%

That is what you would think from their stock charts. Hotel stocks are looking like every boss everywhere is about to mandate video conferencing instead of face-to-face discussions and families have all decided to go camping instead of a proper holiday this summer. Here are a few to look at.

CHH

Choice Hotels (CHH) is sitting on a support/resistance zone that has been important since last July. With a Marubozu like candle Thursday and a falling RSI and MACD the prospects are for a breakdown and continuation lower. Under 43.70 the next support shows up at 41.70 and then 39.80.

Hyatt
I just stayed in a Hyatt (H) the other night and it was quite pleasant, crowded and generally buzzing. But the chart shows the stock is moving lower through a support zone with a falling RSI and MACD and a gap just a few points below.

WYN

Wyndham Worldwide Corp (NYSE:WYN) is pressing on support as well. The RSI is on the edge of a move into bear territory with a MACD heading lower, both supporting the downside. and a cool 5% run to the 200 day SMA below.

Disclaimer: The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads.

Original post

Which stock should you buy in your very next trade?

With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.

In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.

With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.

Unlock ProPicks AI

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.