Sunstone Hotel Investors Crosses Below its 10-day MA (SHO)
Today, shares of Sunstone Hotel Investors (NYSE:SHO) have crossed bearishly below their 10-day moving average of $13.70 on a volume of 655K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, Sunstone Hotel Investors share prices have been bracketed by a low of $9.53 and a high of $16.15 and are now at $13.56, 42% above that low price. The 200-day and 50-day moving averages have moved 0.46% lower and 0.20% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Sunstone Hotel Investors on July 18th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.16. Since that recommendation, shares of Sunstone Hotel Investors have risen 5.5%. We continue to monitor SHO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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