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LaSalle Hotel Properties Crosses Above its 10-day MA (LHO)

By David Diaz

Today, shares of LaSalle Hotel Properties (NYSE:LHO) have advanced above their 10-day MA of $24.77 on a volume of 393K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, LaSalle Hotel Properties share prices have been bracketed by a low of $19.01 and a high of $38.46 and are now at $24.95, 31% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of LaSalle Hotel Properties on September 7th, 2016 by issuing a Downtrend alert when the shares were trading at $26.33. Since that call, shares of LaSalle Hotel Properties have fallen 6.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses lasalle hotel properties

Ticker(s): LHO