Sunstone Hotel Investors Trading Below Key Break Out Level

Shares of Sunstone Hotel Investors

are on the rise today; currently, shares are higher by 0.63%, trading at $6.40. The stock recently bottomed, finding support near the $6.00 level and weekly resistance at the $6.46 level. A break above $6.46 would signal to traders that shorts are likely to get squeezed out of the name, pushing shares back up to (At least) the 20-day moving average, at $7.25. Sunstone Hotel Investors is quite oversold despite today's little pop; this looks like it has room to run. Note that Sunstone Hotel Investors has 5.02% short interest. Sunstone Hotel Investors, Inc. is a real estate investment trust. The company owns, directly or indirectly, 100% of the interests of Sunstone Hotel Partnership, LLC, which is the entity that directly or indirectly owns its hotel properties.