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Starwood Hotels & Resorts Crosses Above its 10-day MA (HOT)

By Shiri Gupta

Today, shares of Starwood Hotels & Resorts (NYSE:HOT) have advanced above their 10-day MA of $78.04 on a volume of 160K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Starwood Hotels & Resorts have traded between a low of $56.87 and a high of $87.66 and are now at $78.18, which is 37% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.

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