Short term view - INTERCONTINENTAL HOTELS GROUP PLC : All-time-high
The trend has been momentarily interrupted by a correction. Prices just bounced on the support, it is probably resuming. The next target is at 5,000.00 p. The invalidation level is below 4,609.00 p.Arguments :
- The major support has been reached, it causes the bounce.
- Prices made a new all-time-high, this confirms the strength of the trend.
InterContinental Hotels Group is a hotel companies. Co.'s hotel brands are InterContinental Hotels & Resorts, Kimpton Hotels & Restaurants, Hualuxe Hotels & Resorts, Hotel Indigo, EVEN Hotels, Crowne Plaza Hotels & Resorts, Holiday Inn, Holiday Inn Express, Staybridge Suites, Holiday Inn Club Vacations, Holiday Inn Resorts, Candlewood Suites, and Avid Hotels. As of Mar 2 2017, Co.'s had total hotels of 5,348 with 4,433 franchised, 907 managed, eight owned and leased hotels, and 1,655 total hotels in the pipeline.
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