Lodging Name Coiled up in Bull Flag for Breakout Higher
Hyatt Hotels (H) shares are forming a coiled bull flag near the top of monthly value and closed strong on Tuesday as the hotel and lodging names continue to show strength in this market. Hyatt reports next week on 10/31 but could be a mover Wednesday of this week based off its peer HLT reporting earnings so a potential sympathy play higher if this breaks out as the hotels have seen bull flows persist specifically with HLT being a leader and still having 22k April $210 calls in OI so if earnings are bullish then it should trigger a move higher in Hyatt above 155. Conversely if a dip came post earnings then playing a rebound off large support at 145 would be intriguing as YTD VWAP and 200 MA are there.