[ad_1]

An under-the-radar name that has been lighting it up recently is China Lodging, a conglomerate of luxury hotel franchises in mainland China. The stock shifted into a higher gear over the summer and has risen 80% after making a double bottom in early July.

The chart and technicals are a thing of beauty. The channel is well-defined here and in a solid uptrend. Money flow has been a bit erratic but it just went positive again, and the MACD is also on a buy signal. The big institutions have been buying the stock; notice the big volume spikes on the strong up days. The stock is heading toward the upper end of the channel as it repeats the pattern of pulling lower and bolting higher. This trend is your friend, so watch out for the next pullback.

china lodging

China Lodging (Nasdaq: HTHT) Video Chart Analysis

Take a deeper dive into the chart action on biotech stock China Lodging Nasdaq: HTHT and learn how to read the technicals. Get Bob Lang’s full analysis as he marks up our chart of the week.

Love what you’re learning in our market analysis? Don’t miss a single video! Get the latest chart action delivered directly to your inbox every week as Bob breaks down stocks to watch and potential trade options!

About China Lodging

China Lodging Group, Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People’s Republic of China. It operates hotels under the Joya Hotel, Manxin Hotels & Resorts, JI Hotel, Starway Hotel, Elan Hotel, HanTing Hotel, Hi Inn, Grand Mercure Hotel, Novotel Hotel, Mercure Hotel, Ibis Styles Hotel, and Ibis Hotel brand names for business and leisure traveler customers. As of December 31, 2015, the company had 624 leased and owned hotels, 2,471 manachised hotels, and 174 franchised hotels in operation; and 15 leased and owned hotels, and 427 manachised and franchised hotels under development. China Lodging Group, Limited was incorporated in 2007 and is headquartered in Shanghai, the People’s Republic of China.

[ad_2]

Source link