$INN Gearing up for a wedge breakout here.This one looks bullish here imo, needs to break through that to trend line.
−0.27USD
−9.49 MUSD
736.13 MUSD
104.43 M
About Summit Hotel Properties, Inc.
Sector
Industry
CEO
Jonathan P. Stanner
Website
Headquarters
Austin
Employees (FY)
78
Founded
2010
ISIN
US8660821005
FIGI
BBG0014KPS18
Summit Hotel Properties, Inc. is a real estate investment trust, which engages in both general and limited partnership interests in Summit Hotel OP, LP. It focuses on owning premium-branded select-service hotels. Its hotels are located in corporate offices, retail centers, airports, state capitols, convention centers, universities, and leisure attractions. The company was founded on June 30, 2010 and is headquartered in Austin, TX.
INN Pull backIt can go up because:
1. The stock is in the channel. The support is around 11.65
2. Ehlers Smoothed Adaptive Momentum is in the green zone. That's mean that we have bullish momentum
3. MACD is bullish
Buy: 12.15
Stop Loss: 11.65
Target: 13.15 (2R)
if you have any questions, let me know
Thank You
INN: Long opportunityAn intraday high potential, Back Tested Long Analysis.
We ll try to find an entry price within the expected pull back zone 14.11 - 14.19 as previously back tested.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past
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