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Xenia Hotels & R Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Shares of Xenia Hotels & R (NYSE:XHR) traded today at $23.33, breaking its 52-week high. This new high was reached on below average trading volume as 109,000 shares traded hands, while the average 30-day volume is approximately 377,000 shares.

In the past 52 weeks, Xenia Hotels & R share prices have been bracketed by a low of $14.84 and a high of $23.33 and are now at $23.30, 57% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has remained constant.

Xenia Hotels & Resorts, Inc. is a self-managed real estate investment trust based in Orlando, Florida, with hotels in various states and the District of Columbia. The Company also will have a majority interest in two hotels under development.

Xenia Hotels & R (NYSE:XHR) is currently priced 6.7% above its average consensus analyst price target of $21.75. The stock should discover initial support at its 200-day moving average (MA) of $16.70 and subsequent support at its 50-day MA of $15.43.

SmarTrend is monitoring the recent change of momentum in Xenia Hotels & R. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Xenia Hotels & R in search of a potential trend change.

Keywords: 52 week high/lows xenia hotels & r

Ticker(s): XHR