• Return to Headlines

Bearish Moving Average Cross by Sunstone Hotel (SHO)

By Nick Russo

Sunstone Hotel (NYSE:SHO) shares have crossed bearishly below their 10-day moving average of $13.20 on a volume of 107K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Sunstone Hotel have traded between a low of $12.54 and a high of $16.91 and are now at $13.06, which is 4% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Sunstone Hotel on May 23rd, 2019 by issuing a Downtrend alert when the shares were trading at $13.94. Since that call, shares of Sunstone Hotel have fallen 3.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses sunstone hotel

Ticker(s): SHO