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SmarTrend Watching for Potential Rebound in Shares of Lasalle Hotel Pr After 1.15% Loss

By Shiri Gupta

Lasalle Hotel Pr (NYSE:LHO) traded in a range yesterday that spanned from a low of $31.67 to a high of $32.35. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $31.99 on volume of 851,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Lasalle Hotel Pr share prices have been bracketed by a low of $24.10 and a high of $36.13 and are now at $31.80, 32% above that low price. The 200-day and 50-day moving averages have moved 0.28% higher and 0.39% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Lasalle Hotel Pr on March 28th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.61. Since that recommendation, shares of Lasalle Hotel Pr have risen 12.0%. We continue to monitor LHO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders lasalle hotel pr

Ticker(s): LHO