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Bearish Moving Average Cross by Sabra Health Car (SBRA)

By Shiri Gupta

Today, shares of Sabra Health Car (NASDAQ:SBRA) have fallen below their 10-day MA of $23.36 on a volume of 125K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Sabra Health Car has traded in a range of $15.78 to $23.83 and is now at $22.95, 45% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Sabra Health Car on May 3rd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.59. Since that recommendation, shares of Sabra Health Car have risen 26.6%. We continue to monitor SBRA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses sabra health car

Ticker(s): SBRA