Above Resistance - Wyndham Worldwide | Trading Ideas

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Above Resistance - Wyndham Worldwide

Published on Friday, 20 January 2012 07:56 Written by Danny Miller

New York, January 20th (TradersHuddle.com) - Shares of Wyndham Worldwide Corporation (NYSE:WYN) closed the trading session at $39.88 just above calculated resistance at $39.69 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Wyndham Worldwide Corporation (NYSE:WYN) franchises hotels in the upscale, midscale, and economy segments of the lodging industry and provides hotel management services to owners of luxury, upscale and midscale hotels; Wyndham offers its products and services under the Wyndham Hotels and Resorts, Ramada, Days Inn, Super 8, Wingate, Microtel, and RCI brands.

Wyndham's stock was trading in a well defined range with support at $36.26 and resistance at $39.69, given that this range was broken traders will be closely monitoring the stock

Wyndham Worldwide Stock To Go Ex-dividend Tomorrow (WYN) - TheStreet.com
Wyndham Worldwide Reaches New 52-Week High (WYN) - TheStreet.com
Wyndham Worldwide Stock Hits New 52-Week High (WYN) - TheStreet.com
Wyndham Worldwide Stock Hits New 52-Week High (WYN) - TheStreet.com
Wyndham Worldwide: S&P Intraday Gainer - TheStreet.com
Wyndham Worldwide Reaches New 52-Week High (WYN) - TheStreet.com
Wyndham Worldwide Reaches New 52-Week High (WYN) - TheStreet.com
Wyndham Worldwide Stock To Go Ex-dividend Tomorrow (WYN) - TheStreet.com
Wyndham Worldwide Stock Hits New 52-Week High (WYN) - TheStreet.com
UPDATE: Cantor Fitzgerald Initiates Buy, $56 PT on Wyndham Worldwide Corporation - Benzinga

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