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Bearish Moving Average Cross by Sabra Health Car (SBRA)

By Shiri Gupta

Sabra Health Car (NASDAQ:SBRA) shares have crossed bearishly below their 10-day moving average of $19.64 on a volume of 177K 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, Sabra Health Car share prices have been bracketed by a low of $15.70 and a high of $23.83 and are now at $19.27, 23% 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 0.2%.

SmarTrend is tracking the current trend status for Sabra Health Car and will alert subscribers who have SBRA in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses sabra health car

Ticker(s): SBRA