Starwood Hotels & Resorts Bullish Moving Average Crossover Alert (HOT)
Starwood Hotels & Resorts (NYSE:HOT) crossed over its 10-day moving average of $60.08 on a volume of 1.4 million shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
Starwood Hotels & Resorts share prices have moved between a 52-week high of $61.09 and a 52-week low of $47.41 and are now trading 28% above that low price at $60.58 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.
SmarTrend recommended that subscribers consider buying shares of Starwood Hotels & Resorts on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.87. Since that recommendation, shares of Starwood Hotels & Resorts have risen 11.3%. We continue to monitor HOT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses starwood hotels & resorts