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Apple Hospitalit Bullish Moving Average Crossover Alert (APLE)

By David Diaz

Today, shares of Apple Hospitalit (NYSE:APLE) have advanced above their 10-day MA of $7.10 on a volume of 1.0 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Apple Hospitalit share prices have been bracketed by a low of $4.48 and a high of $16.88 and are now at $7.51, 68% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 4.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Apple Hospitalit on January 27th, 2020 by issuing a Downtrend alert when the shares were trading at $15.28. Since that call, shares of Apple Hospitalit have fallen 58.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses apple hospitalit

Ticker(s): APLE