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by Koos van der Merwe
Interstate Hotels & Resorts recently announced that its joint venture management company, JHM Interstate Hotels India, has signed a contract to manage its first property in India.
Position: Buy
Koos van der Merwe
Has been a technical analyst since 1969, and has worked as a futures and options trader with First Financial Futures in Johannesburg, South Africa.
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Interstate Hotels And Resources
05/01/08 10:30:31 AMby Koos van der Merwe
Interstate Hotels & Resorts recently announced that its joint venture management company, JHM Interstate Hotels India, has signed a contract to manage its first property in India.
Position: Buy
| Interstate Hotels & Resorts (IHR) is a hotel real estate investor and an independent operator. The company operates in two segments: hotel ownership (through whole-ownership and joint ventures) and hotel management. The company manages hotels represented by nearly 30 franchise and brand affiliations, in addition to managing 15 independent hotels. |
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| FIGURE 1: IHR. Interstate Hotels showing indicators suggesting buy signals. |
| Graphic provided by: MetaStock. |
| |
| Figure 1 shows: a. A candlestick chart showing a long white candlestick and a bullish morning star. The long white candlestick shows that the price advanced significantly from open to close under strong buying pressure. The last three candlesticks formed a bullish morning star pattern, a reversal pattern that marks a potential trend change that needs confirmation. |
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| FIGURE 2: CANDLES. This candlestick shows a bullish morning star pattern. |
| Graphic provided by: MetaStock. |
| |
| b. A FishMACD of the highs indicator. This indicator has given a buy signal. c. In the first inner window, a rapid RSI and a stochasticRSI eight-period indicator. Both have given buy signals. d. In the second inner window, a SVAPO oscillator, which suggested a buy signal eight days earlier. e. Volume, which has increased with the increase in price, which is a very bullish sign. Interstate Hotels and Resorts appears to be a stock that is moving against the trend, simply because it is diversifying into India, probably the fastest-growing economy in the world today next to China. Owning shares in the company may be risky in a bear market, but it is opportunities like this with a long-term view that are worth taking. |
Has been a technical analyst since 1969, and has worked as a futures and options trader with First Financial Futures in Johannesburg, South Africa.
| Address: | 3256 West 24th Ave |
| Vancouver, BC | |
| Phone # for sales: | 6042634214 |
| E-mail address: | petroosp@gmail.com |
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