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Brookdale Senior Living: 52-Week High Recently Eclipsed (BKD)

By David Diaz

Shares of Brookdale Senior Living (NYSE:BKD) traded today at $33.69, breaking its 52-week high. So far today approximately 1.7 million shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

Brookdale Senior Living (NYSE:BKD) has potential upside of 8.3% based on a current price of $33.36 and analysts' consensus price target of $36.12. The stock should discover initial support at its 50-day moving average (MA) of $28.30 and subsequent support at its 200-day MA of $27.81.

In the past 52 weeks, Brookdale Senior Living share prices have been bracketed by a low of $24.42 and a high of $33.69 and are now at $33.36, 37% above that low price. The 200-day and 50-day moving averages have moved 0.23% higher and 1.44% higher over the past week, respectively.

Brookdale Senior Living Inc. operates senior living facilities in the United States. The Company offers its residents access to a full continuum of services across all sectors of the senior living industry. Brookdale Senior operates independent living facilities, assisted living facilities, continuing care retirement communities, and a skilled nursing facility.

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 14.0%. We continue to monitor BKD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows brookdale senior living

Ticker(s): BKD