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SmarTrend Watching for Potential Pullback in Shares of Hyatt Hotels-A After 1.23% Gain

By James Quinn

Hyatt Hotels-A (NYSE:H) traded in a range yesterday that spanned from a low of $79.39 to a high of $80.57. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $80.36 on volume of 336,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Hyatt Hotels-A share prices have moved between a 52-week high of $83.02 and a 52-week low of $45.12 and are now trading 78% above that low price at $80.30 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.4%.

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

Keywords: rebounders hyatt hotels-a

Ticker(s): H