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Possible Bearish Inside Day Candle Pattern Detected for Host Hotels & Re (NYSE:HST)

By David Diaz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Host Hotels & Re (NYSE:HST) based on the price action in the company's shares. Today's price range of $21.26 and $21.45 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Host Hotels & Re may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Host Hotels & Re share prices have moved between a 52-week high of $22.47 and a 52-week low of $17.26 and are now trading 23% above that low price at $21.26 per share. The 200-day and 50-day moving averages have moved 0.27% higher and 0.49% higher over the past week, respectively.

Host Hotels & Re (NYSE:HST) is currently priced 0.7% above its average consensus analyst price target of $21.12. The stock should find initial support at its 50-day moving average (MA) of $21.25 and further support at its 200-day MA of $19.95.

Host Hotels & Resorts Inc. is a real estate trust. The Trust which owns or holds controlling interests in upscale and luxury full-service hotel lodging properties in areas that include Washington, D.C., Toronto and Calgary, Canada, Mexico City, Mexico and Santiago, Chile, as well as Italy, Spain, Poland, Belgium, the Netherlands, and the United Kingdom.

SmarTrend is tracking the current trend status for Host Hotels & Re and will alert subscribers who have HST in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish inside day candle host hotels & re

Ticker(s): HST