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Shares of Sunstone Hotel Investors Rise to a New 52-Week High

By Nick Russo

Shares of Sunstone Hotel Investors (NYSE:SHO) traded today at $16.65, breaking its 52-week high. So far today approximately 135,000 shares have been exchanged, as compared to an average 30-day volume of 2 million shares.

In the past 52 weeks, shares of Sunstone Hotel Investors have traded between a low of $9.53 and a high of $16.65 and are now at $16.64, which is 75% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.2%.

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 brand names franchised or licensed from others, such as Marriott, Hilton, InterContinental, Hyatt, Starwood, Carlson, and Wyndham.

Sunstone Hotel Investors (NYSE:SHO) defies analysts with a current price ($16.64) 8.5% above its average consensus price target of $15.23. The stock should find initial support at its 200-day moving average (MA) of $13.44 and further support at its 50-day MA of $13.29.

SmarTrend recommended that subscribers consider buying shares of Sunstone Hotel Investors on April 25th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.74. Since that recommendation, shares of Sunstone Hotel Investors have risen 5.1%. We continue to monitor SHO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows sunstone hotel investors

Ticker(s): SHO