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Starwood Hotels & Resorts Bearish Moving Average Crossover Alert (HOT)

By Amy Schwartz

Starwood Hotels & Resorts (NYSE:HOT) crossed under its 10-day moving average of $75.82 on a volume of 293K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Starwood Hotels & Resorts has traded in a range of $56.87 to $87.66 and is now at $75.22, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.

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

Keywords: moving crosses starwood hotels & resorts

Ticker(s): HOT