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SmarTrend Watching for Potential Rebound in Shares of Sunstone Hotel After 1.30% Loss

By David Diaz

Sunstone Hotel (NYSE:SHO) traded in a range yesterday that spanned from a low of $13.63 to a high of $13.74. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $13.70 on volume of 630,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Sunstone Hotel share prices have been bracketed by a low of $12.70 and a high of $17.09 and are now at $13.65, 7% above that low price. The 200-day and 50-day moving averages have moved 0.39% lower and 0.54% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Sunstone Hotel and will alert subscribers who have SHO in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders sunstone hotel

Ticker(s): SHO