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

By Amy Schwartz

Today, shares of LaSalle Hotel Properties (NYSE:LHO) have crossed bearishly below their 10-day moving average of $28.85 on a volume of 139K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower 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 $28.69, 51% above that low price. The 200-day and 50-day moving averages have moved 1.01% lower and 0.06% lower over the past week, respectively.

SmarTrend is tracking the current trend status for LaSalle Hotel Properties and will alert subscribers who have LHO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses lasalle hotel properties

Ticker(s): LHO