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Brookdale Senior Living Crosses Above its 10-day MA (BKD)

By Shiri Gupta

Today, shares of Brookdale Senior Living (NYSE:BKD) have crossed bullishly above their 10-day moving average of $13.15 on a volume of 2.1 million 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.

Brookdale Senior Living share prices have moved between a 52-week high of $38.60 and a 52-week low of $10.65 and are now trading 26% above that low price at $13.43 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has slid 1.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Brookdale Senior Living on March 6th, 2017 by issuing a Downtrend alert when the shares were trading at $13.50. Since that call, shares of Brookdale Senior Living have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses brookdale senior living

Ticker(s): BKD