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Brookdale Senior Living Bullish Moving Average Crossover Alert (BKD)

By David Diaz

Brookdale Senior Living (NYSE:BKD) crossed over its 10-day moving average of $18.26 on a volume of 449K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Brookdale Senior Living has traded in a range of $11.28 to $38.60 and is now at $18.48, 64% above that low. The 200-day and 50-day moving averages have moved 1.4% lower and 2.04% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Brookdale Senior Living on March 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.37. Since that recommendation, shares of Brookdale Senior Living have risen 18.0%. We continue to monitor BKD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses brookdale senior living

Ticker(s): BKD