Profit-taking in the leisure/resort hotel sector may be creating
short-term opportunities for traders and active investors looking
for to buy weakness in bull market territory.
Host Hotels & Resorts
) had closed lower for five out of six trading days heading into
trading on Wednesday, and continued to trade just outside of
technically oversold territory. The stock earned an intraday
upgrade to a "consider buying" 8 out of 10, and has a short-term,
of more than half a percent.
HST has been trading in bull market territory since early
January. And the current sell-off in the stock represents the first
since Host Hotels & Resorts climbed back above this level.
Also only recently above its 200-day moving average and pulling
back in Wednesday's session are shares of
Starwood Hotels & Resorts Worldwide Inc
). HOT has pulled back for two days in a row, three out of the last
four, after selling off by well over 2%.
Starwood Hotels & Resorts has a positive edge in the
short-term of just under three-quarters of a percent. Like Host
Hotels & Resorts, HOT has earned 8 out of 10
, putting the stock in our "consider buying" category of stocks
with a statistically significant likelihood of short-term
Lastly, with a positive edge of half a percent and sharing
"consider buying", 8 out of 10 ratings with Host and Starwood
) pulled back by just over 1% in Wednesday's trading. Down two in a
row, and four out of the past five, shares of MAR are trading at
new, two-week lows for the first time since rallying out of bear
market territory in the first half of January.
Coming Spring 2012: the second edition of
How Markets Really Work: A Quantitative Guide to Stock Market
by Larry Connors and Cesar Alvarez.
to learn more
is Editor in Chief of TradingMarkets.com