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Ashford Hospital Looks to Continue to Trade Below its Annual-Low Share Price Today

By Amy Schwartz

Ashford Hospital (NYSE:AHT) traded at a new 52-week low today of $3.76. So far today approximately 818,000 shares have been exchanged, as compared to an average 30-day volume of 529,000 shares.

Over the past year, Ashford Hospitalhas traded in a range of $3.76 to $8.66 and are now at $3.76. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.9%.

Ashford Hospitality Trust Inc is a self-advised real estate investment trust focusing on the lodging industry. The Company owns several hotel properties in primary, secondary, and resort markets throughout the United States.

There is potential upside of 106.1% for shares of Ashford Hospital based on a current price of $3.76 and an average consensus analyst price target of $7.75. The stock should run into initial resistance at its 50-day moving average (MA) of $5.08 and subsequent resistance at its 200-day MA of $5.16.

SmarTrend recommended that its subscribers protect gains by selling shares of Ashford Hospital on May 23rd, 2019 by issuing a Downtrend alert when the shares were trading at $4.96. Since that call, shares of Ashford Hospital have fallen 13.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows ashford hospital

Ticker(s): AHT