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Diamondrock Hosp Bearish Moving Average Crossover Alert (DRH)

By David Diaz

Today, shares of Diamondrock Hosp (NYSE:DRH) have crossed bearishly below their 10-day moving average of $11.80 on a volume of 236K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Diamondrock Hosp share prices have moved between a 52-week high of $12.99 and a 52-week low of $9.87 and are now trading 18% above that low price at $11.68 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Diamondrock Hosp and will alert subscribers who have DRH in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses diamondrock hosp

Ticker(s): DRH