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Bearish Moving Average Cross by Ventas (VTR)

By Nick Russo

Today, shares of Ventas (NYSE:VTR) have fallen below their 10-day MA of $72.47 on a volume of 480K 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 Ventas have traded between a low of $46.87 and a high of $73.83 and are now at $71.84, which is 53% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Ventas on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.88. Since that recommendation, shares of Ventas have risen 37.3%. We continue to monitor VTR for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses ventas

Ticker(s): VTR