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Hospitality Prop Bullish Moving Average Crossover Alert (HPT)

By Shiri Gupta

Hospitality Prop (NASDAQ:HPT) shares have crossed bullishly above their 10-day moving average of $28.84 on a volume of 170K 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.

Hospitality Prop share prices have moved between a 52-week high of $31.27 and a 52-week low of $23.83 and are now trading 22% above that low price at $29.00 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Hospitality Prop on May 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.12. Since that recommendation, shares of Hospitality Prop have risen 9.7%. We continue to monitor HPT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hospitality prop

Ticker(s): HPT