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Stock Investors Sell Off Shares of Strategic Hotels & Resorts, Down 1.9%

Published on Wed, 01/30/2013 - 13:17
By Mallory Stone

Down 1.9% to $7.19, Strategic Hotels & Resorts (NYSE:BEE), is one of today's notable movers. The Dow is trading fractionally higher to 13,956 and the S&P is currently trading fractionally lower to 1,507.

There is potential upside of 7.3% for shares of Strategic Hotels & Resorts based on a current price of $7.19 and an average consensus analyst price target of $7.71. Strategic Hotels & Resorts shares have support at the 50-day moving average (MA) of $6.46 and additional support at the 200-day MA of $6.24.

In the past 52 weeks, Strategic Hotels & Resorts share prices have been bracketed by a low of $5.44 and a high of $7.41 and are now at $7.19, 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 0.3%.

Strategic Hotels & Resorts, Inc. is a real estate investment trust that owns and asset manages luxury hotels in North America and Europe. The Company employs hotel management companies to operate its management contracts and operating leases.

By Mallory Stone
mstone@fnno.com

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