Shares of Choice Hotels International Under Pressure, Down 2.4%

Published on Wed, 02/20/2013 - 13:21
By Adrienne Chilton in Market movers, CHH, choice hotels international, market movers, nyse:chh

Choice Hotels International (NYSE:CHH) is a company whose shares are active, trading 2.4% lower to $36.59. The S&P is trading lower by 0.4% to 1,525 and the Dow is trading fractionally lower to 14,025.

Over the past year, Choice Hotels International has traded in a range of $30.40 to $44.49 and is now at $36.59, 20% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.6%.

Choice Hotels International, Inc. franchises hotel properties. The Company franchises hotels throughout the United States, Puerto Rico, and the District of Columbia, as well as other countries. Choice Hotels' properties operate under the Comfort, Quality, Clarion, Sleep, Rodeway, Econo Lodge, and MainStay brand names.

Based on a current price of $36.59, Choice Hotels International is currently 8.6% above its average consensus analyst price target of $33.45. The stock should discover initial support at its 200-day moving average (MA) of $35.39 and subsequent support at its 50-day MA of $34.92.

By Adrienne Chilton
achilton@fnno.com

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