LaSalle Hotel Properties Crosses Below its 10-day MA (LHO)
LaSalle Hotel Properties (NYSE:LHO) shares have crossed bearishly below their 10-day moving average of $28.02 on a volume of 129K shares. Swing traders may find 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 $27.73, 46% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 1%.
SmarTrend recommended that subscribers consider buying shares of LaSalle Hotel Properties on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $25.33. Since that recommendation, shares of LaSalle Hotel Properties have risen 11.6%. We continue to monitor LHO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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