Pebblebrook Hotel (PEB) Just Reclaimed the 50-Day Moving Average

Pebblebrook Hotel (PEB) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, PEB broke out above the 50-day moving average, suggesting a shortterm bullish trend. The 50-day simple moving average is a widely used technical indicator that helps determine support or resistance levels for different types of securities. It's one of three major moving averages, but takes precedent because it's the first sign of an up or down trend. Shares of PE ...