NEW BULLISH Plays
Hyatt Hotels Corp. - H - close: 49.88 change: +0.42
Stop Loss: 48.95
Current Gain/Loss: unopened
Entry on January -- at $--.--
Listed on January 02, 2014
Time Frame: exit PRIOR to earnings in mid February
Average Daily Volume = 264 thousand
New Positions: Yes, see below
Why We Like It:
H is in the services sector. The company owns and manages hundreds of properties in almost 50 countries. The stock hit new all-time highs several days ago. Since then H has been slowly consolidating lower. Today saw a display of relative strength (+0.8%). More importantly today's move created a bullish engulfing candlestick reversal pattern.
I am suggesting small bullish positions if H can trade at $50.25. More conservative investors may want to wait for a new all-time high above $50.50 before initiating positions. H's intraday high was $50.43 on December 23rd.
If triggered at $50.25 our target is $54.75. However, we will plan to exit prior to earnings in mid February. FYI: The Point & Figure chart for H is bullish with a $66.00 target.
Trigger @ 50.25 *small positions*
Suggested Position: buy H stock @ (trigger)