IHR Retests 50DMA Support
By Johns Wu on Sep 06, 2006
IHR, Interstate Hotels & Resorts Inc., is making a retest of the 50DMA support. IHR has been showing up on my momentum stock screen, which usually singles out good stocks.
Trading this stock is easy. Buy if there is a bounce off the 50DMA, and set trailing stops below the 50DMA.
This entry was posted on Wednesday, September 6th, 2006 at 12:33 am and is filed under Annotated Analysis.
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IHR showed up on my screen fairly recently. I keep an eye on it, but it’s almost seemed to stagnate a bit too long now, so I’m finding it hard to predict the eventual upswing. The technical indicator strength is fading now: IHR technicals