FelCor Lodging Trust Incorporated (FCH) : Traders are bullish on FelCor Lodging Trust Incorporated (FCH) as it has outperformed the S&P 500 by a margin of 6.17% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 7.35%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 8.01% in the last 1 week, and is up 13.34% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
FelCor Lodging Trust Incorporated (NYSE:FCH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.67 and $6.67 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.88, notching a gain of 2.69% for the day. The total traded volume was 1,071,847 . The stock had closed at $6.70 on the previous day.
The stock has recorded a 20-day Moving Average of 9.67% and the 50-Day Moving Average is 6.87%. FelCor Lodging Trust Incorporated has dropped 10.53% during the last 3-month period . Year-to-Date the stock performance stands at -3.28%.
FelCor Lodging Trust Incorporated (FelCor) is a real estate investment trust (REIT). FelCor owns a portfolio of primarily upper-upscale and luxury hotels and resorts. As of December 31, 2014, FelCor is the sole general partner of, and the owner of a greater than 99% partnership interest in, FelCor Lodging Limited Partnership (FelCor LP)through , which the Company held ownership interests in 48 hotels with 14,435 rooms. The Company sells, acquires, rebrands and redevelops hotels. The Company owns DoubleTree by Hilton, DoubleTree Suites by Hilton, Embassy Suites Hotels, Fairmont, Hilton, Holiday Inn, Marriott, Morgans, Renaissance, Royalton, Sheraton, Sheraton Suites, Walt Disney World, Westin, Wyndham and Wyndham Grand.