Bullish Moving Average Cross by Host Hotels & Resorts (HST)
Host Hotels & Resorts (NYSE:HST) crossed over its 10-day moving average of $17.58 on a volume of 1.3 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Host Hotels & Resorts share prices have been bracketed by a low of $12.17 and a high of $21.40 and are now at $17.79, 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.6%.
SmarTrend recommended that subscribers consider buying shares of Host Hotels & Resorts on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.68. Since that recommendation, shares of Host Hotels & Resorts have risen 4.2%. We continue to monitor HST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses Host Hotels & Resorts