TMCnet News
Starwood Hotels & Resorts Set to Possibly Pullback After Yesterday's Rally of 1.34%Jan 04, 2013 (SmarTrend(R) News Watch via COMTEX) -- Starwood Hotels & Resorts (NYSE:HOT) traded in a range yesterday that spanned from a low of $59.66 to a high of $60.52. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $60.00 on volume of 2.1 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious. SmarTrend recommended that subscribers consider buying shares of Starwood Hotels & Resorts on November 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.87. Since that recommendation, shares of Starwood Hotels & Resorts have risen 10.6%. We continue to monitor HOT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Over the past year, Starwood Hotels & Resorts has traded in a range of $47.41 to $61.09 and is now at $60.38, 27% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |