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SmarTrend Watching for Potential Rebound in Shares of Host Hotels & Re After 1.07% Loss

By James Quinn

Host Hotels & Re (NYSE:HST) traded in a range yesterday that spanned from a low of $15.64 to a high of $15.78. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $15.78 on volume of 4.1 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Host Hotels & Re share prices have moved between a 52-week high of $21.94 and the current low of $15.64 and are currently at $15.68 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Host Hotels & Re on May 31st, 2019 by issuing a Downtrend alert when the shares were trading at $18.08. Since that call, shares of Host Hotels & Re have fallen 12.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders host hotels & re

Ticker(s): HST