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Hyatt Hotels Bearish Moving Average Crossover Alert (H)

By David Diaz

Today, shares of Hyatt Hotels (NYSE:H) have crossed bearishly below their 10-day moving average of $58.14 on a volume of 997K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Hyatt Hotels share prices have moved between a 52-week high of $59.99 and a 52-week low of $34.06 and are now trading 70% above that low price at $57.83 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.4%.

SmarTrend recommended that subscribers consider buying shares of Hyatt Hotels on March 16th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.49. Since that recommendation, shares of Hyatt Hotels have risen 9.2%. We continue to monitor H for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses hyatt hotels

Ticker(s): H