$DRH exhibited classic head and shoulders pattern in June 2020, since then it has been on a downtrend. Today BMO, $HLT reported poor earnings and it's down in pre-market trading , how would that affect $DRH?
NYSE:DRH
NYSE: DRH DiamondRock Hospitality
An inverted HnS neckline was broken on the 16th which will make price target the 11.75 then the 12.15.
Aggressively one can enter now but more conservative traders can look for a retracement back into the neckline but this might not occur if price continues to rally.
Diamondrock Hospitality Company is a real estate investment trust that owns lodging properties. Its primary business is to acquire, own, manage, and renovate full-service hotel properties in the United States. Price chart last week break down over a year long rectangle. This break down could target the stock price as low as 8.80 area. Which is a rectangle price target.
