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Bullish Moving Average Cross by Sunstone Hotel (SHO)

By Nick Russo

Sunstone Hotel (NYSE:SHO) crossed over its 10-day moving average of $8.52 on a volume of 682K 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, shares of Sunstone Hotel have traded between a low of $5.75 and a high of $15.03 and are now at $8.88, which is 55% above that low price. The 200-day and 50-day moving averages have moved 1.02% lower and 4.48% lower over the past week, respectively.

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

Keywords: moving crosses sunstone hotel

Ticker(s): SHO