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Bullish Moving Average Cross by Starwood Hotels & Resorts (HOT)

By David Diaz

Today, shares of Starwood Hotels & Resorts (NYSE:HOT) have crossed bullishly above their 10-day moving average of $80.02 on a volume of 995K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Starwood Hotels & Resorts have traded between a low of $56.87 and a high of $87.99 and are now at $80.40, which is 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% 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

Ticker(s): HOT