Bullish on Hyatt Hotels Corp.

A technical look at the stock

pattern over a period of five years . The stock encountered resistance near US$100 in 2022 but pierced above this level earlier this year to signal a breakout from the bullish formation and the start of an uptrend toward higher targets .

Hyatt became overbought and was far above the 40-week Moving Average at that time; it started a minor correction toward the Average and now appears ready to resume the uptrend. Behaviour indicators including the rising 40wMA confirm the bullish status. There is good support near US$100-105; only a sustained decline below this level would be negative.

Point & Figure measurements provide targets of US$125 and US$135. The five-year Inverse Head-and-Shoulders.

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