HLT Breaks Out on Slow Holiday Trading Day
HLT has been bouncing off the upper Donchian Channel, at 78.60, since December 4th. Today HLT closed above this level, on slightly more than 2m shares - just over its 20-day average. This on a day where the volume of the S&P 500 was just 58% of average.
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Closed this one today @ $80.54. I was shooting for $81.75, but the holiday volume just didn't support it - and I don't want to hold over the 3-day weekend.