Hertz on a Long-Term Ride

Hertz (HTZ) is showing strong bullish momentum, with a gap forming around the $3.50 level. Historically, Hertz has bottomed at these low levels multiple times, including during the 2009 financial crisis and the COVID-19 era, reinforcing the significance of this support. A break above the $6.95 resistance would signal further strength, positioning the stock to aim for the long-term target at the $27.10 gap resistance. This setup presents an attractive risk-to-reward ratio, with downside risk managed through a stop-loss at $1.93.

As a major player in the global rental car market, Hertz is poised to benefit from the rising demand for rental and shared mobility services. With an expanding fleet that includes electric vehicles and partnerships focused on sustainability, Hertz aligns with evolving market trends, bolstering its long-term growth potential.

This combination of technical momentum, historical support, and strategic positioning makes $27.10 a feasible target for long-term investors looking for growth.

HTZ