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Possible Bullish Inside Day Candle Pattern Detected for Host Hotels & Resorts (NYSE:HST)

By James Quinn

SmarTrend's candlestick scanner has spotted a possible bullish inside day candle pattern in Host Hotels & Resorts (NYSE:HST) based on the price action in the company's shares. Yesterday's price range of $14.85 and $15.39 is within the prior day'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. Traders and investors interested in shares of Host Hotels & Resorts may want to consider an appropriate entry level in the event a reversal to the upside transpires. It is important to look for confirmation.

Host Hotels & Resorts (NYSE:HST) has potential upside of 28.7% based on a current price of $15.15 and analysts' consensus price target of $19.50. The stock should run into initial resistance at its 50-day moving average (MA) of $16.05 and subsequent resistance at its 200-day MA of $16.41.

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.

Over the past year, Host Hotels & Resorts has traded in a range of $12.17 to $21.40 and closed yesterday at $15.15, 24% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.5%.

SmarTrend is monitoring the recent change of momentum in Host Hotels & Resorts. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Host Hotels & Resorts in search of a potential trend change.

Keywords: bullish am inside day candle Host Hotels & Resorts

Ticker(s): HST