Bullish Moving Average Cross by Starwood Hotels & Resorts (HOT)
Today, shares of Starwood Hotels & Resorts (NYSE:HOT) have crossed bullishly above their 10-day moving average of $78.68 on a volume of 127K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
In the past 52 weeks, Starwood Hotels & Resorts share prices have been bracketed by a low of $56.87 and a high of $87.66 and are now at $79.17, 39% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for Starwood Hotels & Resorts and will alert subscribers who have HOT in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses starwood hotels & resorts