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.