Wyndham Worldwide Corporation provides various hospitality services and products to individual and business customers in the United States, the United Kingdom, the Netherlands, and internationally. The company operates in three segments: Lodging, Vacation Exchange and Rentals, and Vacation Ownership. The company offers its hospitality services and products under the Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Howard Johnson, Wingate by Wyndham, Microtel Inns & Suites, Tryp by Wyndham, RCI, The Registry Collection, Landal GreenParks, Novasol, Hoseasons, cottages4you, James Villa Holidays, Wyndham Vacation Rentals, Wyndham Vacation Resorts, Shell Vacations Club, and WorldMark by Wyndham brand names. Wyndham Worldwide Corporation is headquartered in Parsippany, New Jersey.
To review Wyndham’s stock, please take a look at the 1-year chart of
WYN (Wyndham Worldwide Corporation) below with my added notations:
Since the beginning of the year WYN has essentially been trading
sideways while forming a common pattern known as a rectangle. A minimum
of (2) successful tests of the support and (2) successful tests of the
resistance will give you the pattern. WYN’s rectangle pattern has formed
a $75 resistance (blue) and a $70 support (green). A break above $75
would also be a new 52-week high.
The Tale of the Tape: WYN is trading within a
rectangle pattern. The possible long positions on the stock would be
either on a pullback to $70, or on a breakout above $75. The ideal short
opportunity would be on a break below $70.
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