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Shares of Sunstone Hotel Has Fallen Below Previous 52-Week Low

By James Quinn

Shares of Sunstone Hotel (NYSE:SHO) traded at a new 52-week low today of $12.69. Approximately 303,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.

In the past 52 weeks, Sunstone Hotel share prices have been bracketed by a current low of $12.69 and a high of $16.91 and are now at $13.09. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.7%.

Potential upside of 22.6% exists for Sunstone Hotel, based on a current level of $13.09 and analysts' average consensus price target of $16.05. The stock should run into initial resistance at its 50-day moving average (MA) of $13.56 and subsequent resistance at its 200-day MA of $14.25.

Sunstone Hotel Investors, Inc. is a hospitality and lodging real estate investment trust that owns primarily upper scale and upscale hotels in the United States. The Company's hotels are operated under various branded names.

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

Keywords: 52 week high/lows sunstone hotel

Ticker(s): SHO