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

By David Diaz

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. Today's price range of $14.85 and $15.39 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. 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.

Potential upside of 27.6% exists for Host Hotels & Resorts, based on a current level of $15.28 and analysts' average consensus price target of $19.50. The stock should find initial resistance at its 50-day moving average (MA) of $16.05 and further resistance at its 200-day MA of $16.41.

In the past 52 weeks, Host Hotels & Resorts share prices have been bracketed by a low of $12.17 and a high of $21.40 and are now at $15.28, 26% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.6%.

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 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 inside day candle Host Hotels & Resorts

Ticker(s): HST