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Host Hotels & Resorts Set to Possibly Pullback After Yesterday's Rally of 1.44%

By David Diaz

Host Hotels & Resorts (NYSE:HST) traded in a range yesterday that spanned from a low of $18.77 to a high of $19.11. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $18.84 on volume of 3.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Host Hotels & Resorts has traded in a range of $12.17 to $21.40 and is now at $19.02, 56% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.6%.

SmarTrend is tracking the current trend status for Host Hotels & Resorts and will alert subscribers who have HST in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders Host Hotels & Resorts

Ticker(s): HST