Downtrend Call Working As Red Lion Hotels Stock Falls 21.4% (RLH)
SmarTrend identified a Downtrend for Red Lion Hotels (NYSE:RLH) on February 22nd, 2013 at $7.19. In approximately 7 months, Red Lion Hotels has returned 21.42% as of today's recent price of $5.65.
Over the past year, Red Lion Hotels has traded in a range of $5.45 to $9.30 and is now at $5.65, 4% above that low. The 200-day and 50-day moving averages have moved 0.27% lower and 0.52% lower over the past week, respectively.
Red Lion Hotels Corporation owns, manages, develops, and franchises upper mid-scale, full service hotels. The Company also promotes and distributes event tickets, and promotes and presents entertainment productions. In addition, Red Lion provides real estate-related services, including developing and brokering sales of commercial and multi-unit residential properties.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Red Lion Hotels.
Log in and add Red Lion Hotels (RLH) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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