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Look for Shares of Host Hotels & Resorts to Potentially Pullback after Yesterday's 2.30% Rise

By Shiri Gupta

Host Hotels & Resorts (NYSE:HST) traded in a range yesterday that spanned from a low of $17.35 to a high of $18.09. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $17.82 on volume of 4.8 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 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.

In the past 52 weeks, Host Hotels & Resorts share prices have been bracketed by a low of $12.17 and a high of $21.40 and are now at $18.03, 48% above that low price. 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

Ticker(s): HST