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Bullish Moving Average Cross by Rlj Lodging Trus (RLJ)

By James Quinn

Today, shares of Rlj Lodging Trus (NYSE:RLJ) have advanced above their 10-day MA of $7.56 on a volume of 696K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Rlj Lodging Trus share prices have moved between a 52-week high of $19.00 and a 52-week low of $3.88 and are now trading 109% above that low price at $8.12 per share. The 200-day and 50-day moving averages have moved 1.64% lower and 7.27% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Rlj Lodging Trus. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Rlj Lodging Trus in search of a potential trend change.

Keywords: moving crosses rlj lodging trus

Ticker(s): RLJ