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Bearish Moving Average Cross by Pebblebrook Hote (PEB)

By Amy Schwartz

Today, shares of Pebblebrook Hote (NYSE:PEB) have fallen below their 10-day MA of $36.55 on a volume of 355K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Pebblebrook Hote share prices have moved between a 52-week high of $41.65 and a 52-week low of $32.73 and are now trading 11% above that low price at $36.40 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Pebblebrook Hote on June 18th, 2018 by issuing a Downtrend alert when the shares were trading at $39.21. Since that call, shares of Pebblebrook Hote have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses pebblebrook hote

Ticker(s): PEB