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Hersha Hospitality Trust Crosses Above its 10-day MA (HT)

By Amy Schwartz

Hersha Hospitality Trust (AMEX:HT) shares have crossed bullishly above their 10-day moving average of $18.70 on a volume of 134K 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.

Over the past year, Hersha Hospitality Trust has traded in a range of $15.36 to $28.60 and is now at $18.86, 23% above that low. The 200-day and 50-day moving averages have moved 0.77% lower and 0.27% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Hersha Hospitality Trust. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hersha Hospitality Trust in search of a potential trend change.

Keywords: moving crosses amex:ht hersha hospitality trust

Ticker(s): HT