Wyndham Worldwide Corporation, together with its subsidiaries,
provides various hospitality services and products to individual
consumers and business customers in the United States and
internationally. The company operates in three segments: Lodging,
Vacation Exchange and Rentals, and Vacation Ownership. The Lodging
segment franchises hotels in the upper upscale, upscale, upper midscale,
midscale, economy, and extended stay markets, as well as provides hotel
management services for full-service and select limited-service hotels.
The Vacation Exchange and Rentals segment offers vacation exchange
products and services to resort developers and owners of intervals of
vacation ownership interests (VOIs); and markets vacation rental
properties primarily on behalf of independent owners, timeshare
developers, and other hospitality providers. The Vacation Ownership
segment develops, markets, and sells VOIs to individual consumers;
provides consumer financing in connection with the sale of VOIs and
property management services at resorts; and offers
day-to-day-management services, including oversight of housekeeping
services, maintenance and accounting, and administrative services for
property owners associations and clubs.
Please take a look at the 1-year chart of WYN (Wyndham Worldwide Corporation) below with my added notations:
From March through May WYN seemed to form a topping pattern and the
stock eventually broke lower at the end of May. During that period of
time, you will notice that the stock commonly reacted to the $60 price.
That price has been resistance (red) on a couple of occasions already,
and while topping it also acted as support (green). The stock is
currently retesting that $60 level as resistance.
The Tale of the Tape: WYN tends to react to $60. A
trader could enter a short position at $60 with a stop placed above that
level. If the stock were to break back above that resistance a long
position would be recommended instead.
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