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Bearish Moving Average Cross by Brookdale Senior Living (BKD)

By Nick Russo

Today, shares of Brookdale Senior Living (NYSE:BKD) have fallen below their 10-day MA of $33.22 on a volume of 237K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Brookdale Senior Living have traded between a low of $24.42 and a high of $34.37 and are now at $32.83, which is 34% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 2.3%.

SmarTrend recommended that subscribers consider buying shares of Brookdale Senior Living on February 6th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $28.79. Since that recommendation, shares of Brookdale Senior Living have risen 16.1%. We continue to monitor BKD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses brookdale senior living

Ticker(s): BKD