FelCor Lodging Trust: The Winning Streak Continues (FCH)
FelCor Lodging Trust (NYSE:FCH) traded at a new 52-week high today of $7.30. So far today approximately 119,000 shares have been exchanged, as compared to an average 30-day volume of 622,000 shares.
FelCor Lodging Trust share prices have moved between a 52-week high of $7.30 and a 52-week low of $3.90 and are now trading 84% above that low price at $7.19 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.8% while the 200-day MA has risen 0.6%.
FelCor Lodging Trust (NYSE:FCH) is currently priced 6.1% above its average consensus analyst price target of $6.75. The stock should find initial support at its 50-day moving average (MA) of $6.46 and further support at its 200-day MA of $5.96.
FelCor Lodging Trust Inc. is a real estate investment trust ("REIT") focusing on upscale and full service hotels. The Company owns interests in hotels throughout the United States and Canada.
SmarTrend recommended that subscribers consider buying shares of FelCor Lodging Trust on October 1st, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.27. Since that recommendation, shares of FelCor Lodging Trust have risen 15.7%. We continue to monitor FCH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows felcor lodging trust