Swing Trade Idea (HLT) – September 30, 2021
Our bullish trade for Thursday, September 30th is Hilton International Holdings (HLT). HLT is part of the Discretionary Sector (XLY). XLY has pulled back slightly but momentum remains strong with good rotation into the sector.
HLT broke to new all time highs earlier this week and has since pulled back from this level to provide a good risk/reward bullish entry. Both 1M and 6M trends are bullish and with a technical score of 9 (out of 10), HLT is a very strong stock that will likely move higher.
As a close, if HLT were to trade below $132 for multiple days, this would invalidate our analysis and we would focus on cutting losses on the trade. We also would consider cutting losses on this options trade if the value of the vertical spread moves above $10.50.
