• Return to Headlines

Bearish Moving Average Cross by Hcp Inc (HCP)

By Nick Russo

Today, shares of Hcp Inc (NYSE:HCP) have fallen below their 10-day MA of $22.92 on a volume of 999K shares. This may provide swing traders with 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 Hcp Inc have traded between a low of $21.48 and a high of $40.43 and are now at $22.80, which is 6% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hcp Inc on December 21st, 2017 by issuing a Downtrend alert when the shares were trading at $25.71. Since that call, shares of Hcp Inc have fallen 10.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses hcp inc

Ticker(s): HCP