- Buoyed by a strong session amid an uptrend, Choice Hotels is $1.54 away from testing key resistance at $123.95
- The lower Bollinger Band® is currently at $77.09 while the higher band is at $87.65
Around $123.35, Choice Hotels International, Inc. can look to establish a new bullish phase beyond its 21 day Simple Moving Average. Choice Hotels is hovering above a known Fibonacci resistance level of $123.23. In contrast, Choice Hotels's run now faces a challenge at $123.95, which is only $1.54 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Overall, looking at the technical analysis landscape, it seems Choice Hotels might continue pointing upwards in the short term.
Despite this, Sysco's recent run now faces a major challenge as concentrated supply is likely found at $85.17 with price action currently 70 cents away.
Primerica's run now faces a challenge at $140.85, which is only $1.41 away and will be interesting to follow. Despite posting gains on Friday, Primerica slid below its 21 day Simple Moving Average at $138.83 during the last session — an early indicator that a negative trend could be emerging.
Primerica is likely to reverse course and start pointing downward in the short term.
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