HILTON HOTELS CORP
(HLT-NYSE):
Technical Viewpoint: From a low
of $18.70 on Oct 14, 2004 prices
rallied, reaching a
high of $21.25
on Nov 8, 2004. A
decline saw prices pull back, reaching a
low of
$20.30 on Nov 17, 2004.
Another rally saw prices penetrate
resistance, closing 12/3/04
at $21.23. Technicals: RSI Index (RSI): A Buy Alert!
was given on Dec 3, 2004 when the solid line crossed the dotted line to the upside.
Support: Remains at $20.63. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on Dec 3, 2004. A P&F upside
reversal takes place at $19.50. Summary: Technical indicators have turned bullish. BUY! HILTON HOTELS CORP
(HLT-NYSE) @ $21.38 Stop: Use a protective stop of $19.88.
HILTON HOTELS CORP is currently trading @ $21.23 plus $0.45 on Dec 3, 2004. Price Objective:
$31.00. Risk/Reward: $1.50 VS. $9.62. Today's Risk Reward Ratio: 6:1
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