Orient-Express Hotels's Shares Changing Hands at Higher Prices on 1.2x Above-Average Volume (OEH)

Published on Wed, 01/30/2013 - 14:16
By Adrienne Chilton in Unusual volume, OEH, nyse:oeh, orient-express hotels, unusual volume

Shares of Orient-Express Hotels are trading today in above average volume, with the share price rising 0.3% to $11.75. About 610,000 shares have been traded today, as compared to the 30-day average volume of 497,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

Over the past year, Orient-Express Hotels has traded in a range of $7.52 to $13.13 and is now at $11.75, 56% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.3%.

Orient-Express Hotels Ltd. owns and operates luxury hotels, tourist trains, a river cruise ship, and restaurants. The Company's properties include Hotel Cipriani in Venice, Italy, Reid's Palace in Madeira, Portugal, Copacabana Palace in Rio de Janeiro, Brazil, and the 21 Club in New York City, in the United States.

Orient-Express Hotels (NYSE:OEH) has potential upside of 4.8% based on a current price of $11.75 and analysts' consensus price target of $12.31. The stock should discover initial support at its 50-day moving average (MA) of $11.74 and subsequent support at its 200-day MA of $9.88.

By Adrienne Chilton
achilton@fnno.com

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