Long Position on HLT @ $85.50 on 3/20/2019 (Momentum)

Hilton Worldwide Holdings Inc. (HLT) owns, leases, manages, develops, and franchises hotels and resorts.

It operates through two segments, Management and Franchise, and Ownership.

The company engages in the hotel management and licensing of its brands to franchisees.

It operates hotels under the Waldorf Astoria Hotels & Resorts, LXR Hotels & Resorts, Conrad Hotels & Resorts, Canopy by Hilton, Hilton Hotels & Resorts, Curio Collection by Hilton, DoubleTree by Hilton, Tapestry Collection by Hilton, Embassy Suites by Hilton, Motto by Hilton, Hilton Garden Inn, Hampton by Hilton, Tru by Hilton, Homewood Suites by Hilton, Home2 Suites by Hilton, and Hilton Grand Vacations brands.

It operates in North America, South America, and Central America, including various Caribbean nations; Europe, the Middle East, and Africa; and the Asia Pacific. As of February 13, 2018, the company had approximately 5,600 properties with approximately 913,000 rooms in 113 countries and territories. 

Shares have formed a bullish "cup and handle" and are expected to move higher from this formation. The 200-day moving average is shown in brown. 

Entry Point: $85.50

Trading Range: $63.76 - $87.09

Stop Loss: $81.40

Target Price: $94.20

Updates

5/15/2019 10:59:00 AM

HLT closed at $93.30

Position closed on 5/15/2019 at price of $93.30 with a 9.12% gain in 56 days.

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