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After Yesterday's Rally of 1.92% Shares Could Potentially Pullback

By Nick Russo

Host Hotels & Re (NYSE:HST) traded in a range yesterday that spanned from a low of $20.78 to a high of $21.24. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $20.89 on volume of 1.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Host Hotels & Re on October 12th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.06. Since that recommendation, shares of Host Hotels & Re have risen 9.2%. We continue to monitor HST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Over the past year, Host Hotels & Re has traded in a range of $14.69 to $21.24 and is now at $21.20, 44% above that low. The 200-day and 50-day moving averages have moved 0.61% lower and 0.51% higher over the past week, respectively.

Keywords: rebounders host hotels & re

Ticker(s): HST