Volume Spike Detected in Shares of Orient-Express Hotels as They Move Higher on 1.3x Above-Average Volume (OEH)

Published on Thu, 03/14/2013 - 13:12
By Adrienne Chilton in Unusual volume, OEH, nyse:oeh, orient-express hotels, unusual volume

Orient-Express Hotels's stock is up 1.6% to $10.41 on heavy trading volume. About 806,000 shares have been traded today, as compared to the 30-day average volume of 626,000 shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

Potential upside of 20.7% exists for Orient-Express Hotels, based on a current level of $10.41 and analysts' average consensus price target of $12.56. The stock should find resistance at its 50-day moving average (MA) of $11.09, as well as support at its 200-day MA of $10.02.

Over the past year, Orient-Express Hotels has traded in a range of $7.52 to $13.13 and is now at $10.41, 38% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 0.3%.

By Adrienne Chilton
achilton@fnno.com

Latest News from FNNO

Recent 52-Week High Exceeded in Shares o...

Wyndham Worldwide (NYSE:WYN) traded at a new 52-week high today of $78.98. So far toda ...

Whiting Petroleum Looks to Continue to T...

Shares of Whiting Petroleum (NYSE:WLL) traded today at $91.00, breaking its 52-week hig ...

Weatherford International: 52-Week High ...

Weatherford International (NYSE:WFT) traded at a new 52-week high today of $24.88. So ...

Watch for Continued Gains in Shares of W...

Shares of Wabtec (NYSE:WAB) traded today at $85.18, breaking its 52-week high. This ne ...

Watch for Continued Gains in Shares of V...

Shares of Vanguard Natural Resources (NYSE:VNR) traded today at $33.04, breaking its 52 ...

VASCO Data Security International: The W...

VASCO Data Security International (NASDAQ:VDSI) traded at a new 52-week high today of $ ...

Shares of Universal Health Services Have...

Shares of Universal Health Services (NYSE:UHS) traded at a new 52-week high today of $9 ...

Shares of UDR Have Risen Above Previous ...

Shares of UDR (NYSE:UDR) traded today at $28.95, breaking its 52-week high. So far tod ...