Hyatt Hotels could breakout the USD 61.55 resistance in the short term.
The fundamental qualities of the group are clearly attractive as evidenced by the upward revisions of earnings per share and revenue estimations. Moreover, the profitability of the company's business remains good. Finally, the high levels of valuation show the interest of investors for this security.
Technically, the share has a bullish configuration on all time scales. Prices are supported by increasing moving averages as shown by the 20-period, in weekly data, and enclose the stock in a dynamic upward trend. Nonetheless, the price progression could be stopped by the USD 61.55 resistance once again and profit takings could be engaged.
Given these elements, investors could take a buying position over the USD 61.55 resistance for a new bullish signal. The target will then be USD 67. Nevertheless, a stop loss will be placed below the entry points in case of failure of the bullish overflow.
Hyatt Hotels Corporation is a global hospitality company. The Companyâs portfolio of properties consists of full-service hotels and resorts, select service hotels, all-inclusive resorts, and other properties, including timeshare, fractional, and other forms of residential and vacation units. Its offering includes brands in the Timeless Collection, including Park Hyatt, Grand Hyatt, Hyatt Regency, Hyatt, Hyatt Vacation Club, Hyatt Place, Hyatt House, Hyatt Studios, and UrCove; the Boundless Collection, including Miraval, Alila, Andaz, Thompson Hotels, Dream Hotels, Hyatt Centric, and Caption by Hyatt; the Independent Collection, including The Unbound Collection by Hyatt, Destination by Hyatt, and JdV by Hyatt; and the Inclusive Collection, including Impression by Secrets, Hyatt Ziva, Hyatt Zilara, Zoetry Wellness & Spa Resorts, Secrets Resorts & Spas, Breathless Resorts & Spas, Dreams Resorts & Spas, Hyatt Vivid Hotels & Resorts, Alua Hotels & Resorts, and Sunscape Resorts & Spas.
HYATT HOTELS CORPORATION 
