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After Yesterday's Decline of 2.63%, Diamondrock Hosp Offers Investors Better Value

By David Diaz

Diamondrock Hosp (NYSE:DRH) traded in a range yesterday that spanned from a low of $8.76 to a high of $9.15. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $8.86 on volume of 498,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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

In the past 52 weeks, Diamondrock Hosp share prices have been bracketed by a current low of $8.76 and a high of $11.79 and are now at $8.88. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.3%.

Keywords: rebounders diamondrock hosp

Ticker(s): DRH