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Watch for Sunstone Hotel to Potentially Pullback After Gaining 1.52% Yesterday

By Nick Russo

Sunstone Hotel (NYSE:SHO) traded in a range yesterday that spanned from a low of $13.74 to a high of $14.03. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $13.95 on volume of 1.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Sunstone Hotel have traded between a low of $12.54 and a high of $16.77 and are now at $14.00, which is 12% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.3%.

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