After Yesterday's Rally of 2.05% Shares Could Potentially Pullback
Host Hotels & Resorts (NYSE:HST) traded in a range yesterday that spanned from a low of $17.85 to a high of $18.28. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $17.93 on volume of 4.1 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 & Resorts on June 20th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.68. Since that recommendation, shares of Host Hotels & Resorts have risen 7.0%. We continue to monitor HST for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Host Hotels & Resorts share prices have moved between a 52-week high of $21.40 and a 52-week low of $12.17 and are now trading 49% above that low price at $18.18 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.5%.
Keywords: rebounders Host Hotels & Resorts