Summit Hotel Properties Inc

Price is entrenched in a Stage 4 decline following a Post-Parabola Collapse, trading below declining 9-day, 21-day, and 50-day EMAs in extreme oversold territory. We maintain a medium-term bearish bias but note that short-term timing is unfavorable to initiate new sales. We will wait for a relief bounce into the declining EMA cluster, where a rejection near short-term resistance would present an optimal entry.

• ↑Operating income $28.9M (+27.3% YoY) and net income $3.7M vs loss.
• ↑Raised FY guidance: Adjusted EBITDA target $175–182M; FFO $0.79–0.85/sh.
• ↓High leverage levels risk refinancing strain amid rising rates.