Marriott International Inc, Travel + Leisure Co., Hilton Worldwide Holdings Inc, among others, are the consumer discretionary stocks approaching important price targets.
A quick recap: Markets are currently flat. Dow Jones trades at 33,800 after losing 0.19%. S&P 500 trades sideways at 3,962.23.
What is a Price Target?
A price target is the projection of an asset's future price. Support and resistance lines are important components of technical analysis used in predicting a price target because they prevent an asset from being pushed beyond a certain limit. When an asset drops in value it nears its support line, and when it increases in value it comes closer to its resistance line. Assets that are on a trend and are approaching one of their lines are selected for this article. Check out this rundown of consumer discretionary stocks and their price targets.
Marriott International Inc is in the midst of a 4 day downtrend. today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $158.89, Marriott International is up to $159.31, which makes for a move of 0.27%/42.5 cents today.
While on an 11 day slump, falling a total of 6.96%, more of the same today: Travel + Leisure is down to $37.43, after ending yesterday at $38.15. Overall, a 1.89% loss or 72 cents today.
A 4 day downtrend is ongoing for Hilton Worldwide Holdings. today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $137, Hilton is up to $137.4, which makes for a move of 0.29%/39.5 cents today.